AGCO Corporation (NYSE:AGCO) is set to announce third quarter earning results on Tuesday 3rd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AGCO to report 3Q20 income of $ 0.98 per share.
For the full year, analysts anticipate top line of $ 8403.00 million, while looking forward to income of $ 3.92 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,300.00 million ~ $ 8,400.00 million, where as bottomline are predicted in a range of $ 3.50 ~ $ 3.75 per share
Click Here For More Historical Outlooks Of AGCO Corporation
Previous Quarter Performance
AGCO Corporation recorded income for the second quarter of $ 1.11 per share, from the revenue of $ 2,007.00 million. The quarterly earnings 39.01 percent while revenues reduced 17.16 percent compared with the same quarter last year. The top line results outshined analysts by $ 204.96 million or 11.37 percent.
Stock Performance
Shares of AGCO Corporation traded up $ 3.09 or 4.01 percent on Monday, reaching $ 80.12 with volume of 803.00 thousand shares. AGCO Corporation has traded high as $ 80.12 and has cracked $ 77.48 on the downward trend
The closing price of $ 80.12, representing a 118.03 % increase from the 52 week low of $ 35.33 and a 7.84 % decrease over the 52 week high of $ 83.58.
The company has a market capital of $ 6.00 billion and is part of the Industrial Goods sector and Farm & Construction Machinery industry.
Recent Analyst recommendations
- On 19th October 2020, upgraded by Barclays to Equal-Weight from Underweight rating, with $ 92.00 target price.
- On 16th October 2020, upgraded by Citigroup to Buy from Neutral rating, with $ 95.00 target price.
- On 13th October 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
- On 23rd September 2020, initiated by Bernstein at Outperform rating.
Conference Call
AGCO Corporation will be hosting a conference call at 10:00 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.agcocorp.com
AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. The company offers high horsepower tractors for larger farms, primarily for row crop production; 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, and residential uses. It also offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, including self-propelled, three- and four-wheeled vehicles and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground.
