TSE:AFN Q3 EPS Lowered by National Bank Financial

Ag Growth International Inc. (TSE:AFN) – Stock analysts at National Bank Financial decreased their Q3 2024 EPS estimates for Ag Growth International in a research report issued to clients and investors on Monday, October 21st. National Bank Financial analyst M. Sytchev now expects that the company will earn $1.43 per share for the quarter, down from their previous forecast 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.

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

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

Ag Growth International Stock Performance

Shares of Ag Growth International stock opened at C$49.10 on Wednesday. The business has a 50-day moving average price of C$53.76 and a two-hundred day moving average price of C$53.46. The company has a market cap of C$936.34 million, a P/E ratio of 32.15, a PEG ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. Ag Growth International has a 1-year low of C$45.96 and a 1-year high of C$64.51.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, September 27th. Ag Growth International’s dividend payout ratio (DPR) is presently 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.