Key Developments: AGCO Corp (AGCO.N)
53.52USD
24 May 2013
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$54.24
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$53.96
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Latest Key Developments (Source: Significant Developments)
Agco Corp Raises FY 2013 Guidance
Agco Corp announced that for fiscal 2013, it expects earnings per share (EPS) in a range from $5.50 to $5.70 and net sales to range from $10.5 billion to $10.7 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $10.4 billion and EPS of $5.35 for fiscal 2013. Full Article
Agco Corp Announces Quarterly Dividend
Agco Corp announced that Board of Directors declared a quarterly dividend of 10 cents per share on its common stock. The dividend is payable June 14, 2013, to shareholders of record May 15, 2013. Full Article
Carraro SpA Signs Business Agreement With Agco Corp In China
Carraro SpA announced that it signed a business deal with Agco Corp in China for the provision of transmission systems for the new line of tractors Massey Ferguson which will be built in the plant of Changzhou. The total value of the contract is EUR 25,000,000. Full Article
Agco Corp Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Lowers FY 2013 EPS Guidance
Agco Corp announced that for fiscal 2013, it expects net sales in a range from $10.2-$10.4 billion, earnings per share (EPS) in a range from $5.10 to $5.35. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $10.2 billion and EPS of $5.54 for fiscal 2013. Full Article
Agco Corp Initiates Quarterly Cash Dividend
Agco Corp announced that its Board of Directors approved the initiation of quarterly cash dividends to its stockholders. A quarterly dividend of $0.10 per common share will be paid on March 15, 2013 to all stockholders of record as of the close of business on February 15, 2013. Full Article
Agco Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Agco Corp announced that it is targeting fiscal 2013 earnings per share in the range of $5.50 to $5.75. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.56 for fiscal 2013. Full Article
Agco Corp Lowers FY 2012 Guidance
AGCO Corporation announced that for fiscal 2012, it expects adjusted earnings per share (EPS) of approximately $5.20 and net sales to range from $9.8 billion to $10.0 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.71 on revenue of $10.07 billion for fiscal 2012. Full Article
Agco Corp Announces Establishment of Joint Venture in Algeria
Agco Corp announced that it has agreed to establish a new joint venture in Algeria for the production of Massey Ferguson branded tractors. Under the shareholders agreement entered into with L`Enteprise Publique Economique de Commercialisation de Materiels Agricoles and L`Enteprise Publique Economique de Production de Tracteurs Agricoles, AGCO will take 49% ownership of Algeria Tractors Company. The new joint venture is based in Constantine, Algeria and will produce Massey Ferguson tractors for sale into the local domestic Algerian market. Production is expected to begin before the end of 2012. Full Article
AGCO Corporation Revises FY 2012 EPS Guidance To A Range Above Analysts' Estimates; Lowers FY 2012 Revenue Guidance
AGCO Corporation announced that for fiscal 2012, it expects adjusted earnings per share (EPS) in a range from $5.50-$5.75 and net sales to range from $10.1-$10.3 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.49 and revenue of $10.2 billion for fiscal 2012. Full Article
AGCO Corporation Issues FY 2012 Guidance Above Analysts' Estimates
AGCO Corporation announced that for fiscal 2012, it expects adjusted earnings per share of approximately $5.50 and net sales are expected to range from $10.2-$10.5 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $5.07 on revenues of $9.9 billion for fiscal 2012. Full Article
UPDATE 1-AGCO optimistic on 2013 due in part to Brazil sugarcane
* Expects 2013 revenue to increase 3 percent to 5 percent
Earnings vs. 
Estimates
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