Ag Growth International Inc. (TSE:AFN) to Issue $0.15 Quarterly Dividend

Ag Growth International Inc. (TSE:AFN) declared a quarterly dividend on Tuesday, September 17th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.15 per share on Tuesday, October 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, September 27th.

Ag Growth International Stock Down 0.6 %

AFN stock opened at C$54.44 on Thursday. The company has a market cap of C$1.04 billion, a price-to-earnings ratio of 35.82, a P/E/G ratio of 1.30 and a beta of 2.31. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The business’s 50-day moving average is C$54.50 and its two-hundred day moving average is C$55.10. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share (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 for 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%. As a group, analysts forecast that Ag Growth International will post 6.6608696 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, TD Securities reduced 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 report on Monday, August 12th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$77.56.

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.