AGCO (NYSE:AGCO – Get Free Report) announced its quarterly earnings data on Thursday. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.03, Briefing.com reports. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.99 billion. AGCO had a net margin of 8.13% and a return on equity of 26.96%. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period last year, the firm earned $3.51 earnings per share. AGCO updated its FY24 guidance to ~$12.00 EPS.
AGCO Price Performance
Shares of NYSE AGCO traded up $1.16 during midday trading on Friday, reaching $111.79. The company’s stock had a trading volume of 1,097,316 shares, compared to its average volume of 712,588. The company has a market cap of $8.34 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.64 and a beta of 1.32. AGCO has a fifty-two week low of $105.77 and a fifty-two week high of $140.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.67 and a current ratio of 1.46. The business’s 50 day moving average price is $116.61 and its two-hundred day moving average price is $116.90.
AGCO Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, May 14th. AGCO’s dividend payout ratio (DPR) is 7.42%.
Analyst Ratings Changes
Get Our Latest Analysis on AGCO
About AGCO
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.
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