Last $49.31 USD
Change Today -0.28 / -0.56%
Volume 2.3M
AGCO On Other Exchanges
Symbol
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As of 4:15 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

agco corp (AGCO) Snapshot

Open
$49.78
Previous Close
$49.59
Day High
$49.90
Day Low
$49.07
52 Week High
10/21/13 - $64.60
52 Week Low
07/30/14 - $49.07
Market Cap
4.6B
Average Volume 10 Days
1.9M
EPS TTM
$5.34
Shares Outstanding
93.9M
EX-Date
08/13/14
P/E TM
9.2x
Dividend
$0.44
Dividend Yield
0.85%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

AGCO Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $2,750.3 million against $3,048.2 million a year ago. Income from operations was $266.7 million against $327.1 million a year ago. Income before income taxes and equity in net earnings of affiliates was $238.1 million against $303.4 million a year ago. Net income attributable to the company was $168.2 million against $213.7 million a year ago. Diluted earnings per share were $1.77 against $2.15 a year ago. Net income was $166 million against $213.1 million a year ago. For the six months, the company reported net sales of $5,083.7 million against $5,451.3 million a year ago. Income from operations was $422.4 million against $504.5 million a year ago. Income before income taxes and equity in net earnings of affiliates was $368.7 million against $464.5 million a year ago. Net income attributable to the company was $267.8 million against $331.7 million a year ago. Diluted earnings per share were $2.79 against $3.34 a year ago. Net cash used in operating activities was $254.2 million against net cash provided by operating activities of $65.0 million a year ago. Purchases of property, plant and equipment was $155.5 million against $174.2 million a year ago. Net income was $265.2 million against $330.2 million a year ago. The company is targeting earnings per share of approximately $5.00 for the full year of 2014. Net sales are expected to range from $10.1 billion to $10.3 billion. The negative impact of lower sales and production volumes on gross margins increased engineering expenditures to meet Tier 4 final emission requirements and market development expenses are expected to be partially offset by improved productivity and cost reduction initiatives. The company is targeting an effective tax rate of approximately 34% to 35% for 2014. The company expects 2014 capital expenditures to be in the $400 million range, and free cash flow to be approximately $250 million after funding the elevated level of capital expenditures.

AGCO Announces Quarterly Cash Dividend, Payable on September 15, 2014

AGCO announced that its Board of Directors declared a regular quarterly dividend of $0.11 per common share to be paid on September 15, 2014 to all stockholders of record as of the close of business on August 15, 2014.

AGCO Corporation to Report Q2, 2014 Results on Jul 29, 2014

AGCO Corporation announced that they will report Q2, 2014 results at 10:00 AM, Eastern Daylight on Jul 29, 2014

 

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Industry Analysis

AGCO

Industry Average

Valuation AGCO Industry Range
Price/Earnings 8.5x
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow 7.5x
TEV/Sales 0.3x
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