Ag Growth International Inc. Expected to Earn FY2025 Earnings of $7.47 Per Share (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at Cormark reduced their FY2025 earnings estimates for shares of Ag Growth International in a research note issued to investors on Thursday, November 9th. Cormark analyst K. Mcphee now forecasts that the company will earn $7.47 per share for the year, down from their previous forecast of $7.75. The consensus estimate for Ag Growth International’s current full-year earnings is $5.88 per share.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Thursday, August 10th. The company reported C$2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.29 by C$0.95. The company had revenue of C$390.27 million during the quarter, compared to analyst estimates of C$424.00 million. Ag Growth International had a negative return on equity of 3.18% and a negative net margin of 0.68%. During the same quarter last year, the company earned $1.20 earnings per share.

Several other research analysts have also recently weighed in on AFN. ATB Capital upped their price objective on shares of Ag Growth International from C$70.00 to C$78.50 in a research report on Monday, August 14th. National Bankshares increased their price target on shares of Ag Growth International from C$73.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday. CIBC raised their price objective on shares of Ag Growth International from C$72.00 to C$78.00 in a research report on Monday, August 14th. Raymond James upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and set a C$64.00 target price for the company in a research report on Thursday. Finally, Royal Bank of Canada raised their price target on Ag Growth International from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Tuesday, August 15th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Buy” and an average target price of C$76.39.

Ag Growth International Stock Performance

TSE:AFN opened at C$51.25 on Friday. The stock has a market cap of C$973.75 million, a P/E ratio of -71.18, a PEG ratio of 1.30 and a beta of 2.35. The company has a quick ratio of 0.84, a current ratio of 1.57 and a debt-to-equity ratio of 305.75. The business’s 50-day moving average price is C$53.21 and its two-hundred day moving average price is C$53.81. Ag Growth International has a twelve month low of C$38.76 and a twelve month high of C$63.40.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, September 28th. Ag Growth International’s payout ratio is currently -83.33%.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and fertilizer handling equipment, aeration products, and storage bins in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.