TSE:AFN FY2024 EPS Lowered by National Bank Financial

Ag Growth International Inc. (TSE:AFN) – Stock analysts at National Bank Financial lowered their FY2024 earnings estimates for Ag Growth International in a research report issued on Monday, January 13th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $3.86 for the year, down from their previous forecast of $4.60. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. National Bank Financial also issued estimates for Ag Growth International’s Q4 2024 earnings at $0.79 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $3.32 EPS and FY2026 earnings at $4.42 EPS.

A number of other research firms have also recently commented on AFN. Raymond James decreased their price target on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. Royal Bank of Canada lowered their target price on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. TD Securities cut their price target on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a research note on Tuesday. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$79.00 to C$63.00 in a research note on Tuesday. Finally, CIBC dropped their price objective on shares of Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Ag Growth International has an average rating of “Moderate Buy” and a consensus price target of C$67.25.

Ag Growth International Stock Performance

TSE:AFN opened at C$39.78 on Thursday. Ag Growth International has a fifty-two week low of C$39.69 and a fifty-two week high of C$64.51. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The company has a 50 day moving average price of C$51.55 and a 200 day moving average price of C$52.70. The stock has a market capitalization of C$758.60 million, a P/E ratio of 26.17, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. Ag Growth International’s dividend payout ratio is presently 39.47%.

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.