AGCO Corp. said Monday it is withdrawing its financial guidance after some of its European facilities reduced or suspended production due to snags in the supply chain amid the coronavirus pandemic. "Additional production disruptions in other regions are expected over time," the maker of agricultural equipment said in a statement. "AGCO will provide an update in connection with its first quarter earnings announcement but does not expect to provide any additional information until then," said the statement. Shares were slightly lower premarket and are down 40% in the last 12 months, while the S&P 500 has fallen 18%.
AGCO Agriculture Foundation announces $100,000 grant to the World Food Program USA for COVID-19 aid in Africa and Latin America.
Agco (AGCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Agco (AGCO) delivered earnings and revenue surprises of 186.67% and 9.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Faced with perishable inventory, or just looking for alternate streams of revenue to pay rent or other expenses, some businesses are pivoting to a hastily constructed retail model for the short term.
Their price-book ratio stands below 1.5 and market cap exceeds $2 billion Continue reading...
World over, agriculturists are striving to improve yield by keeping costs down. This is paving way for technology to save the day, leading to mechanization. This, in turn, helps the agricultural and forestry machinery market to chart a notable growth curve ov…
Farm equipment manufacturers withdraw financial guidance and suspend operations in the wake of the coronavirus outbreak.
The Ontario government is making some changes to liquor laws to help bars and restaurants survive COVID-19. All the new measures will be in place until Jan. 1.
Q1 2020 AGCO Corp Earnings Call
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the first quarter ended March 31, 2020. “AGCO delivered solid resul…
There aren't a lot of great things any of us can say about the ongoing global pandemic... but if we did have to choose a fringe benefit (aside from falling rent prices) many in Ontario would likely point to fast, easy alcohol delivery. You see, prior to the …
Deere & Company’s Construction & Forestry Equipment segment has seen revenues grow from $5.9 billion in 2017 to $11.5 billion in 2019, though we expect the segment revenues to plunge 16% to $9.6 billion in 2020, as we detail in our interactive dashboard...
To the annoyance of some shareholders, AGCO (NYSE:AGCO) shares are down a considerable 31% in the last month. Indeed...
As the city and its residents prepare for a summer filled with sun and social distancing, several ideas are being proposed in order to allow people to enjoy the nice weather while also staying safe. One such idea is expanding restaurant and bar patios onto …
AGCO Corporation (NYSE:AGCO) investors will be delighted, with the company turning in some strong numbers with its...
It was a fine day in late March when provincial regulators declared that restaurants and bars in Ontario could sell booze via takeout and delivery orders. People who were already sick of waiting in long lines for the LCBO were over the moon to learn that the…
On the call with me this morning are Martin Richenhagen, our Chairman, President and Chief Executive Officer; Eric Hansotia, our Chief Operating Officer; and Andy Beck, our Chief Financial Officer. Thank you very much, Greg, and good morning, everybody.
For another of his "Executive Decision" segments during Tuesday's Mad Money program, Jim Cramer spoke with Martin Richenhagen, chairman and CEO of agriculture equipment maker AGCO Corp. . Richenhagen admitted that these are tough times for everyone, but noted that all of AGCO's U.S.-based factories are operating at capacity. Richenhagen was bullish on the prospects of the U.S. stimulus package providing relief for farmers and he said the secular trend towards plant-based proteins and other plant-based products bodes well for farmers and in turn for AGCO.
AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, today announced it has appointed Wolfgang Kirsch, retired Chief Executive Officer of DZ BANK AG, to its Board of Directors effective immediately. Mr. Kirsch will serve on the Audit and Finance committees.
AGCO Corporation (NYSE:AGCO) shareholders should be happy to see the share price up 13% in the last month. But in...
This weekly article series covers dividend increase announcements. A summary table provides relevant data and key statistics. As a bonus, I include ex-dividend dates for the next two weeks. Following requests from readers, I've added a…
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today its 2020 First Quarter Earnings Release Conference Call is scheduled for Tuesday, May 5th at 10:00 a.m. ET. The Company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO’s website at www.agcocorp.com under the "Investors" Section.
AGCO earnings call for the period ending March 31, 2020.
AGCO relaunches our corporate vision to highlight our commitment to providing sustainable high-tech solutions for farmers feeding the world.
Aurora Cannabis soars past it's 50-day MA after a revenue beat.Price and potency of its value brand, Daily Special, can compete with the black market.Ontario retail shops continue to rollout, allowing for more demand to be met.
AGCO Corporation (NYSE:AGCO) investors will be delighted, with the company turning in some strong numbers with its...
AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the first quarter ended March 31, 2020. "AGCO delivered solid results for the first quarter under challenging conditions," stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. "AGCO’s current priorities are the safety of our employees and serving the world’s farmers as we do our part to minimize the impact of the COVID-19 pandemic on the world’s food supply. We are facing a very dynamic environment requiring rigorous and coordinated business planning to manage our manufacturing, supply chain and aftermarket operations, to effectively serve our dealers and end-customers as well as to maintain a productive workforce. In addition to restarting factories and ramping up production, we remain focused on maintaining parts and service support for our dealers and our customers. It is rewarding to see our employees rise to the challenge to find innovative solutions to keep our business running effectively and support farmers as they continue their important work."
AGCO Corp (AGCO) has withdrawn its financial guidance for the current year on account of the uncertainty related to the coronavirus outbreak.
The Zacks Analyst Blog Highlights: Caterpillar, Terex, Deere & Company, AGCO and Sharps Compliance
DULUTH, Ga. — AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and solutions, today announced it is highlighting its commitment to brin…
Autonomous mining vehicle and autonomous sanitation vehicle markets take off. This report highlights progress of autonomous working vehicles in four fields: sanitation, airport, agriculture and mining. Read the full report: https://www.reportlinker.com/p05890…
There aren't a lot of great things any of us can say about the ongoing global pandemic... but if we did have to choose a fringe benefit (aside from falling rent prices) many in Ontario would likely point to fast, easy alcohol delivery. You see, prior to the …
Because of the pandemic, risk management surrounding sourcing has become top of mind in many supply chain organizations.
DULUTH, Ga.--(BUSINESS WIRE)-- #AGCOIR--AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, announced that its Board of Directors declared a regular quarterly dividend of $0.16 per com…
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, announced that its Board of Directors declared a regular quarterly dividend of $0.16 per common share to be paid on June 15, 2020 to all stockholders of record as of the close of business May 15, 2020.