National Bank Financial Comments on TSE:AFN FY2024 Earnings

Ag Growth International Inc. (TSE:AFN) – National Bank Financial lowered their FY2024 earnings estimates for Ag Growth International in a research note issued on Monday, January 13th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $3.86 for the year, down from their prior 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.

Several other analysts have also recently commented on AFN. TD Securities reduced their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday. Royal Bank of Canada reduced their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Raymond James lowered their price target on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday. ATB Capital cut Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$79.00 to C$63.00 in a report on Tuesday. Finally, Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$67.25.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$38.96 on Thursday. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. Ag Growth International has a one year low of C$38.93 and a one year high of C$64.51. The firm has a market capitalization of C$742.97 million, a P/E ratio of 25.63, a PEG ratio of 1.30 and a beta of 2.29. The company’s fifty day moving average is C$51.28 and its two-hundred day moving average is C$52.61.

Ag Growth International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.54%. Ag Growth International’s dividend payout ratio (DPR) 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.