Analysts Set Expectations for TSE:AFN FY2024 Earnings

Ag Growth International Inc. (TSE:AFN) – Analysts at National Bank Financial boosted their FY2024 earnings estimates for Ag Growth International in a report issued on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now expects that the company will earn $4.81 per share for the year, up from their prior forecast of $4.69. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. National Bank Financial also issued estimates for Ag Growth International’s Q4 2024 earnings at $1.74 EPS and FY2025 earnings at $4.39 EPS.

Several other analysts have also commented on AFN. Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$72.00 to C$62.00 in a report on Friday, October 18th. Royal Bank of Canada lowered their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday. CIBC dropped their price objective on shares of Ag Growth International from C$75.00 to C$70.00 in a report on Thursday. Finally, TD Securities reduced their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$74.38.

Ag Growth International Trading Up 0.0 %

TSE:AFN opened at C$52.65 on Monday. The company has a 50 day simple moving average of C$52.40 and a two-hundred day simple moving average of C$52.46. The company has a market cap of C$1.00 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. Ag Growth International has a 12 month low of C$45.96 and a 12 month high of C$64.51.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio is 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.