AGCO Co. (AGCO) Expected to Post Q1 2018 Earnings of $0.31 Per Share
AGCO Co. (NYSE:AGCO) – Equities research analysts at Seaport Global Securities lifted their Q1 2018 earnings estimates for shares of AGCO in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will post earnings per share of $0.31 for the quarter, up from their prior forecast of $0.28. Seaport Global Securities has a “Hold” rating on the stock. Seaport Global Securities also issued estimates for AGCO’s Q2 2018 earnings at $1.30 EPS, FY2018 earnings at $3.89 EPS and FY2019 earnings at $4.48 EPS.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank reissued a “buy” rating and set a $90.00 price target (up previously from $88.00) on shares of AGCO in a research report on Thursday, September 21st. Piper Jaffray Companies reiterated a “hold” rating and issued a $66.00 price target on shares of AGCO in a research note on Thursday, October 19th. UBS Group set a $72.00 price objective on AGCO and gave the company a “hold” rating in a report on Saturday, October 21st. BidaskClub lowered AGCO from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. lowered AGCO from a “neutral” rating to an “underweight” rating and set a $65.00 target price for the company. in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $72.60.
AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.92 billion. AGCO had a return on equity of 7.50% and a net margin of 2.59%. AGCO’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share.
In other news, SVP Robert B. Crain sold 7,000 shares of AGCO stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $70.72, for a total transaction of $495,040.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 16.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invictus RG increased its stake in AGCO by 265.9% in the 3rd quarter. Invictus RG now owns 1,460 shares of the industrial products company’s stock valued at $108,000 after buying an additional 1,061 shares during the last quarter. Hirtle Callaghan & Co LLC acquired a new position in AGCO in the 4th quarter valued at about $163,000. BlueMountain Capital Management LLC bought a new stake in AGCO in the 2nd quarter valued at about $165,000. Toronto Dominion Bank boosted its holdings in AGCO by 240.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,686 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 1,897 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in AGCO in the 3rd quarter valued at about $204,000. 82.92% of the stock is currently owned by institutional investors and hedge funds.
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AGCO Company Profile
AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems.
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