Research Analysts Issue Forecasts for TSE:AFN Q3 Earnings

Ag Growth International Inc. (TSE:AFN) – Investment analysts at Desjardins issued their Q3 2024 EPS estimates for shares of Ag Growth International in a research note issued on Sunday, October 20th. Desjardins analyst G. Ho anticipates that the company will post earnings per share of $1.39 for the quarter. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Desjardins also issued estimates for Ag Growth International’s FY2024 earnings at $5.51 EPS and FY2026 earnings at $6.15 EPS.

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

Ag Growth International Price Performance

Shares of AFN opened at C$49.10 on Wednesday. The company has a market capitalization of C$936.34 million, a price-to-earnings ratio of 32.15, 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 has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51. The business’s 50-day moving average is C$53.76 and its 200-day moving average is C$53.46.

Ag Growth International (TSE:AFN) last issued 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 firm had revenue of C$351.78 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio (DPR) is 39.47%.

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.