TSE:AFN Q3 EPS Forecast Lowered by National Bank Financial

Ag Growth International Inc. (TSE:AFN) – Analysts at National Bank Financial dropped their Q3 2024 earnings estimates for Ag Growth International in a research report issued on Monday, October 21st. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $1.43 for the quarter, down from their previous estimate of $1.55. 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 FY2024 earnings at $4.69 EPS and FY2025 earnings at $4.91 EPS.

AFN has been the topic of several other research reports. TD Securities lowered their price target on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. Finally, CIBC cut their price target on shares of Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$75.67.

Ag Growth International Stock Down 0.2 %

Shares of TSE:AFN opened at C$48.72 on Wednesday. Ag Growth International has a 52-week low of C$45.96 and a 52-week high of C$64.51. The stock has a market cap of C$929.09 million, a P/E ratio of 32.05, a PEG ratio of 1.30 and a beta of 2.29. The business has a fifty day moving average of C$53.87 and a two-hundred day moving average of C$53.56. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. The company had revenue of C$351.78 million during the quarter, compared to analysts’ expectations of C$397.51 million.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, September 27th. Ag Growth International’s payout ratio is 39.47%.

About Ag Growth International

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.