Last $56.63 USD
Change Today +0.13 / 0.23%
Volume 915.9K
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

agco corp (AGCO) Snapshot

Open
$56.49
Previous Close
$56.50
Day High
$57.14
Day Low
$56.28
52 Week High
10/21/13 - $64.60
52 Week Low
04/22/13 - $48.59
Market Cap
5.3B
Average Volume 10 Days
1.5M
EPS TTM
$6.01
Shares Outstanding
93.9M
EX-Date
02/12/14
P/E TM
9.4x
Dividend
$0.44
Dividend Yield
0.72%
Current Stock Chart for AGCO CORP (AGCO)

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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 Bank of America Merrill Lynch Global Industrials & EU Autos Conference, Mar-18-2014 01:55 PM

AGCO Corporation Presents at Bank of America Merrill Lynch Global Industrials & EU Autos Conference, Mar-18-2014 01:55 PM. Venue: Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ, United Kingdom. Speakers: Andrew H. Beck, Chief Financial Officer, Chief Accounting Officer and Senior Vice President.

AGCO Corporation Presents at The Barclays Industrials Select Conference, Feb-20-2014 03:00 PM

AGCO Corporation Presents at The Barclays Industrials Select Conference, Feb-20-2014 03:00 PM. Venue: The Loews Miami Hotel, Miami, Florida, United States. Speakers: Andrew H. Beck, Chief Financial Officer, Chief Accounting Officer and Senior Vice President.

AGCO Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of 2014

AGCO reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales of $2,859.7 million against $2,703.4 million a year ago. Income from operations was $197.2 million against $118.9 million a year ago. Income before income taxes and equity in net earnings of affiliates was $164.5 million against $94.3 million a year ago. Income before equity in net earnings of affiliates was $125.8 million against $87.4 million a year ago. Net income attributable to the company and subsidiaries was $139.3 million or $1.40 per diluted share against $102.5 million or $1.04 per diluted share a year ago. For the full year, the company reported net sales of $10,786.9 million against $9,962.2 million a year ago. Income from operations was $900.7 million against $693.2 million a year ago. Income before income taxes and equity in net earnings of affiliates was $802.6 million against $600.8 million a year ago. Income before equity in net earnings of affiliates was $544.1 million against $462.9 million a year ago. Net income attributable to the company and subsidiaries was $597.2 million or $6.01 per diluted share against $522.1 million or $5.30 per diluted share a year ago. Net cash provided by operating activities was $797.0 million against $666.4 million a year ago. Purchases of property, plant and equipment were $391.8 million against $340.5 million a year ago. The company provided earnings guidance for the first quarter and full year of 2014. For the year, the company is projecting sales relatively flat compared to 2013 with the impact of softer market conditions expected to be offset by pricing and modest market share gains. The company expects to continue to improve gross margins from 2013 levels as the benefit of pricing and the company’s cost-reduction projects are expected to be partially offset by a weaker product mix. The company is targeting 2014 earnings per share of approximately $6 per share. The company expects 2014 capital expenditures to be in the $400 million and $425 million range, and free cash flow to exceed $250 million after funding the elevated level of capital expenditures. The company is targeting an effective tax rate of approximately 34% to 35% for 2014. The company expects first quarter 2014 sales volumes to be down, primarily due to a slower start to the year, particularly in Brazil due to the delayed opening of the FINAME program and in Europe to allow for modest adjustments in dealer and company inventory levels. These impacts, along with a weaker sales mix, are expect to result in first quarter 2014 earnings per share in the range of $0.70 to $0.75 per share.

 

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Industry Analysis

AGCO

Industry Average

Valuation AGCO Industry Range
Price/Earnings 9.4x
Price/Sales 0.5x
Price/Book 1.4x
Price/Cash Flow 8.2x
TEV/Sales 0.3x
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