What is Raymond James’ Forecast for TSE:AFN FY2024 Earnings?

Ag Growth International Inc. (TSE:AFN) – Equities researchers at Raymond James dropped their FY2024 earnings per share estimates for Ag Growth International in a research note issued on Tuesday, January 14th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $4.39 for the year, down from their previous estimate of $5.20. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Raymond James also issued estimates for Ag Growth International’s Q4 2024 earnings at $1.32 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $1.64 EPS and FY2025 earnings at $3.90 EPS.

A number of other equities research analysts have also issued reports on the stock. CIBC dropped their price objective on shares of Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday. Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada decreased their price target on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. TD Securities dropped their price objective on 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. Finally, ATB Capital downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$79.00 to C$63.00 in a report on Tuesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$67.25.

Ag Growth International Stock Up 4.5 %

Shares of AFN opened at C$40.70 on Friday. Ag Growth International has a 52-week low of C$38.62 and a 52-week high of C$64.51. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The stock has a fifty day simple moving average of C$51.01 and a two-hundred day simple moving average of C$52.51. The company has a market capitalization of C$776.15 million, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.47%. Ag Growth International’s payout ratio is 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.