Ag Growth International Inc. (TSE:AFN) Expected to Post FY2024 Earnings of $6.13 Per Share

Ag Growth International Inc. (TSE:AFN) – Research analysts at Cormark dropped their FY2024 earnings estimates for shares of Ag Growth International in a research note issued to investors on Wednesday, May 1st. Cormark analyst K. Mcphee now forecasts that the company will earn $6.13 per share for the year, down from their previous estimate of $6.45. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. Cormark also issued estimates for Ag Growth International’s FY2025 earnings at $7.23 EPS and FY2026 earnings at $8.05 EPS.

Several other equities analysts have also recently issued reports on the company. Raymond James boosted their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Royal Bank of Canada boosted their price target on Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a report on Friday, March 8th. ATB Capital dropped their price objective on shares of Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. CIBC boosted their target price on shares of Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, National Bankshares lowered their price target 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$78.22.

Ag Growth International Trading Up 0.4 %

TSE AFN opened at C$50.07 on Friday. The company has a fifty day moving average of C$60.36 and a 200 day moving average of C$55.28. The company has a market capitalization of C$951.83 million, a PE ratio of 14.56, a P/E/G ratio of 1.30 and a beta of 2.32. The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84. Ag Growth International has a 1 year low of C$47.07 and a 1 year high of C$64.51.

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

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date was Wednesday, March 27th. Ag Growth International’s payout ratio 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.