Ag Growth International (AFN) Set to Announce Earnings on Tuesday

Ag Growth International (TSE:AFN) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Ag Growth International to post earnings of C$2.01 per share for the quarter.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The business 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 return on equity of 10.35% and a net margin of 2.13%.

Ag Growth International Trading Up 1.0 %

Shares of Ag Growth International stock opened at C$49.87 on Friday. Ag Growth International has a 1-year low of C$45.96 and a 1-year high of C$64.51. The company’s fifty day simple moving average is C$52.77 and its 200-day simple moving average is C$52.89. The stock has a market capitalization of C$951.02 million, a PE ratio of 32.81, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, September 27th. Ag Growth International’s payout ratio is 39.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James cut Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. TD Securities decreased their price objective on 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. Finally, CIBC lowered their target price 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.67.

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.