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Stock Market & Financial Investment News

News Breaks
August 12, 2014
14:21 EDTDE, AGCOWASDE bearish for farm equipment manufacturers, says Wells Fargo
Wells Fargo notes the USDA adjusted its 2014/2015 forecasts in the August WASDE report, resulting in modestly higher ending stocks to use for corn, soybeans, and wheat. The firm believes weakening commodity market fundamentals continue to suggest a relatively prolonged farm equipment demand decline. Wells views the August report as bearish for farm equipment manufacturers and keeps Underperform ratings on Deere (DE) and AGCO (AGCO).
News For DE;AGCO From The Last 14 Days
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April 28, 2015
10:19 EDTAGCOAGCO sees Q2 sales, EPS significantly lower than the year ago period
Sees FY15 CapEx "about flat" vs. FY14. Sees share repurchases, dividend funded with operating cash flow. Says "optimistic" about long-term growth opportunities for business, industry. Says priorities for 2015 include controlling expenses, dealer/company inventories. In 2015, sees softer industry demand across all regions. Sees 2015 operating margins 5.75%-6%, effective tax rate 35%-36%. Sees European economy weighing on equipment demand in FY15.
10:19 EDTAGCOAGCO sees Q2 EPS approx. $1.00, consensus $1.14
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10:19 EDTAGCOAGCO sees Q2 sales, EPS significantly lower than the year ago period
Comments made on the Q1 earnings conference call.
10:02 EDTAGCOAGCO sees FY15 capex about $300M
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09:54 EDTAGCOAGCO now sees FY15 production down 12-14% vs 2014
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08:08 EDTAGCOAGCO sees FY15 EPS about $3.00, consensus $2.89
Sees FY15 revenue $7.7B-$7.9B, consensus $8.02B.
08:07 EDTAGCOAGCO reports Q1 adjusted EPS 43c, consensus 29c
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April 27, 2015
15:04 EDTAGCONotable companies reporting before tomorrow's open
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