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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (74983)2/6/2024 8:06:54 AM
From: E_K_S  Read Replies (1) of 78704
 
AGCO +8% a slight miss on earnings but guides higher above 2024 consensus

AGCO Reports Fourth Quarter and Full Year Results

  • Record full year net sales of $14.4 billion
  • Full year reported operating margin of 11.8% and adjusted operating margin(3) of 12.0%
  • Full year reported earnings per share of $15.63 and adjusted earnings per share(3) of $15.55
  • Introduces outlook for 2024 full year net sales of ~$13.6 billion and earnings per share of ~$13.15
Could bode well for all AG stocks & AG suppliers (fertilizer, grain bins etc). CHHI for me is the Value trade but I own a basket of AG stocks
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