Last $44.94 USD
Change Today +0.77 / 1.74%
Volume 1.4M
AGCO On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

agco corp (AGCO) Snapshot

Open
$44.76
Previous Close
$44.17
Day High
$45.23
Day Low
$44.72
52 Week High
12/10/13 - $61.39
52 Week Low
10/8/14 - $41.83
Market Cap
4.1B
Average Volume 10 Days
1.0M
EPS TTM
$4.86
Shares Outstanding
92.0M
EX-Date
11/12/14
P/E TM
9.2x
Dividend
$0.44
Dividend Yield
0.98%
Current Stock Chart for AGCO CORP (AGCO)

agco corp (AGCO) Related Businessweek News

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agco corp (AGCO) Details

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers tractors, such as high horsepower tractors that are used on larger farms and cattle ranches for hay production; utility tractors, including two-wheel and all-wheel drive versions for small- and medium-sized farms, dairy, livestock, orchards, and vineyards; compact tractors for small farms and specialty agricultural industries, such as dairies, landscaping, and residential areas; and combines. The company also provides application equipment comprising self-propelled three- and four-wheeled vehicles, and related equipment for use in the application of liquid and dry fertilizers, and crop protection chemicals; and chemical sprayer equipment for use in planting crops and after crops emerge. In addition, it offers hay tools and forage equipment, including round and rectangular balers, self-propelled windrowers, disc mowers, and spreaders and mower conditioners for harvesting and packaging vegetative feeds in the beef cattle, dairy, horse, and alternative fuel industries. Further, the company distributes a range of implements, such as disc harrows for enhancing field performance; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators, which prepare smooth seed bed and destroy weeds; and tractor-pulled planters and loaders. Additionally, it provides grain storage bins and related drying and handling equipment systems, and swine and poultry feed storage and delivery, ventilation, and watering systems; produces diesel engines, gears, and generating sets; precision farming technologies; and other technology precision farming products, as well as replacement parts. The company markets its products under the Challenger, Fendt, GSI, Massey Ferguson, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.

22,111 Employees
Last Reported Date: 02/28/14
Founded in 1990

agco corp (AGCO) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $490.2K
Chief Supply Chain Officer and Senior Vice Pr...
Total Annual Compensation: $557.1K
Senior Vice President and General Manager of ...
Total Annual Compensation: $503.7K
Senior Vice President and General Manager of ...
Total Annual Compensation: $450.5K
Compensation as of Fiscal Year 2013.

agco corp (AGCO) Key Developments

AGCO Corporation Presents at Goldman Sachs Global Industrials Conference, Nov-13-2014 09:20 AM

AGCO Corporation Presents at Goldman Sachs Global Industrials Conference, Nov-13-2014 09:20 AM. Venue: InterContinental, 510 Atlantic Ave., Boston, Massachusetts, United States. Speakers: Andrew H. Beck, Chief Financial Officer and Senior Vice President.

AGCO Corporation and Appareo Systems Agree to Enter a Joint Venture

AGCO Corporation and Appareo Systems announced that they have agreed to enter a joint venture, building on the existing IAS (Intelligent Agricultural Solutions) business structure, to allow for breakthrough agricultural innovation. This collaboration will focus on the need for more advanced electronic technology centered around data collection, wireless communication, advanced sensors and intelligent machine control. The proposed joint venture will build on the momentum of Fuse(TM) Technologies, AGCO's next generation approach to precision agriculture and precision machine management. Appareo will contribute to the initiative through research and development, Intellectual Property (IP) generation and advanced technology concept development, which will be deployed through AGCO Technology Solutions. The joint venture will develop technology for advanced machine control systems, sensing applications, automated subsystems, machine prognostics and machine health monitoring, specific protein and grain control systems, and development of innovative electromechanical devices and systems. This will provide AGCO and Appareo Systems a key vehicle to deliver advanced technology and equipment management solutions, supporting a variety of crop types and markets globally.

AGCO Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

AGCO Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net sales were $2,154.8 million compared to $2,475.9 million a year ago. Income from operations was $108.7 million compared to $199.0 million a year ago. Income before income taxes and equity in net earnings of affiliates was $84.7 million compared to $173.6 million a year ago. Net income was $62.5 million compared to $125.2 million a year ago. Net income attributable to the company and subsidiaries was $65.0 million or $0.69 per diluted share compared to $126.2 million or $1.27 per diluted share a year ago. Adjusted income from operations was $111.6 million compared to $199.0 million a year ago. Adjusted net income was $66.9 million or $0.71 per share compared to $126.2 million or $1.27 per share a year ago. For the nine months, the company's net sales were $7,238.5 million compared to $7,927.2 million a year ago. Income from operations was $531.1 million compared to $703.5 million a year ago. Income before income taxes and equity in net earnings of affiliates was $453.4 million compared to $638.1 million a year ago. Net income was $327.7 million compared to $455.4 million a year ago. Net income attributable to the company and subsidiaries was $332.8 million or $3.50 per diluted share compared to $457.9 million or $4.61 per diluted share a year ago. Net cash used in operating activities was $215.3 million compared to net cash provided by operating activities of $169.0 million a year ago. Purchases of property, plant and equipment was $229.3 million compared to $263.8 million a year ago. Adjusted income from operations was $534.0 million compared to $703.5 million a year ago. Adjusted net income was $334.7 million or $3.52 per share compared to $457.9 million or $4.61 per share a year ago. Global industry demand is softening compared to 2013 and declines are anticipated across all major global agricultural markets, particularly in the row crop segment. AGCO is targeting earnings per share of approximately $4.10 to $4.30 for the full year of 2014. Net sales are expected to range from $9.5 billion to $9.7 billion. The negative impacts of lower sales and production volumes on gross margins are expected to be partially offset by cost reduction initiatives. The company targeting an effective tax rate of approximately 35% to 36% for 2014. The company projecting 2014 sales to be down about 10% compared to 2013, with the impact of softer market conditions expected to be partially offset by pricing and market share gains. The company expects gross margins to be negatively impacted by lower production volumes and a weaker product mix. The company expects 2014 capital expenditures to be in the $350 million to $375 million range and free cash flow to range from $125 million to $150 million after funding capital expenditures.

 

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Industry Analysis

AGCO

Industry Average

Valuation AGCO Industry Range
Price/Earnings 9.2x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 8.0x
TEV/Sales 0.2x
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