Desjardins Has Negative Outlook of TSE:AFN FY2025 Earnings

Ag Growth International Inc. (TSE:AFN) – Research analysts at Desjardins reduced their FY2025 earnings per share (EPS) estimates for Ag Growth International in a report issued on Sunday, October 20th. Desjardins analyst G. Ho now anticipates that the company will post earnings of $5.74 per share for the year, down from their prior forecast of $6.22. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share.

Other analysts have also issued research reports about the company. Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. TD Securities lowered their price objective on shares of 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. Finally, CIBC cut 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 research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$75.67.

Ag Growth International Price Performance

TSE AFN opened at C$48.72 on Tuesday. Ag Growth International has a 1 year low of C$45.96 and a 1 year high of C$64.51. The company has a fifty day simple moving average of C$53.87 and a 200 day simple moving average of C$53.56. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The company has a market cap of C$929.09 million, a P/E ratio of 32.05, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last posted its earnings results 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 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%.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, September 27th. Ag Growth International’s payout ratio 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.