AGCO (NYSE:AGCO) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

AGCO (NYSE:AGCO) announced its quarterly earnings results on Thursday. The industrial products company reported $1.97 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.04), Zacks reports. AGCO had a net margin of 1.35% and a return on equity of 15.79%.

AGCO Stock Performance

AGCO traded down $4.41 on Thursday, reaching $98.90. The stock had a trading volume of 747,232 shares, compared to its average volume of 698,849. AGCO has a 12-month low of $84.35 and a 12-month high of $125.76. The company has a current ratio of 1.53, a quick ratio of 0.72 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.38 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The business’s 50-day moving average price is $97.85 and its two-hundred day moving average price is $95.53.

AGCO Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, February 14th. AGCO’s dividend payout ratio (DPR) is presently 51.33%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AGCO shares. The Goldman Sachs Group decreased their price target on AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Oppenheimer raised their price target on shares of AGCO from $108.00 to $109.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of AGCO from $102.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Truist Financial raised their target price on shares of AGCO from $109.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley began coverage on AGCO in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 price target for the company. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.20.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.