Brokers Offer Predictions for Ag Growth International Inc.’s Q3 2024 Earnings (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Research analysts at Atb Cap Markets decreased their Q3 2024 EPS estimates for Ag Growth International in a research report issued on Tuesday, April 30th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $2.20 per share for the quarter, down from their previous estimate of $2.21. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. Atb Cap Markets also issued estimates for Ag Growth International’s Q2 2025 earnings at $1.52 EPS and Q3 2025 earnings at $2.12 EPS.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 EPS for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.62. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%. The business had revenue of C$379.32 million for the quarter, compared to analyst estimates of C$414.68 million.

AFN has been the topic of a number of other research reports. National Bankshares decreased their price objective on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a report on Wednesday. TD Securities increased their price objective on Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Raymond James boosted their target price on Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. CIBC raised their price target on Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Desjardins dropped their price objective on Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$78.22.

Ag Growth International Price Performance

Shares of AFN stock opened at C$50.07 on Thursday. Ag Growth International has a 52 week low of C$47.07 and a 52 week high of C$64.51. The stock has a market capitalization of C$951.83 million, a PE ratio of 14.49, a PEG ratio of 1.30 and a beta of 2.32. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. The stock’s fifty day moving average is C$60.49 and its 200-day moving average is C$55.28.

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. Ag Growth International’s dividend payout ratio (DPR) is presently 17.44%.

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.