Ag Growth International (AFN) to Release Earnings on Wednesday

Ag Growth International (TSE:AFN) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Ag Growth International to post earnings of C$1.67 per share for the quarter.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$53.78 on Tuesday. The company has a debt-to-equity ratio of 286.90, a quick ratio of 0.84 and a current ratio of 1.26. The firm has a market cap of C$1.03 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.30 and a beta of 2.37. The firm has a fifty day moving average price of C$52.78 and a 200 day moving average price of C$55.67. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.15 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. Ag Growth International’s dividend payout ratio is currently 22.06%.

Analyst Ratings Changes

Several analysts have recently issued reports on AFN shares. Desjardins decreased their price objective on Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. National Bankshares lowered their price objective on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. ATB Capital reduced their target price on shares of Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Finally, Scotiabank lowered their price target on shares of Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$78.22.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.