Ag Growth International Inc. (TSE:AFN) Expected to Earn Q1 2024 Earnings of $0.84 Per Share

Ag Growth International Inc. (TSE:AFN - Free Report) - Cormark issued their Q1 2024 earnings per share (EPS) estimates for Ag Growth International in a research report issued to clients and investors on Tuesday, April 9th. Cormark analyst K. Mcphee expects that the company will post earnings per share of $0.84 for the quarter. 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 Q2 2024 earnings at $1.83 EPS, Q3 2024 earnings at $2.12 EPS and FY2024 earnings at $6.45 EPS.

A number of other equities analysts have also weighed in on AFN. Desjardins upped their target price on shares of Ag Growth International from C$82.00 to C$85.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. TD Securities lifted their price target on Ag Growth International from C$75.00 to C$83.00 and gave the stock a "buy" rating in a report on Thursday, March 7th. Scotiabank raised their price objective on Ag Growth International from C$83.00 to C$88.00 and gave the stock an "outperform" rating in a research note on Thursday, March 7th. CIBC lifted their price target on 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 lifted their price target on Ag Growth International from C$75.00 to C$82.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$81.44.

Ag Growth International Trading Down 0.7 %

AFN traded down C$0.46 during trading on Thursday, reaching C$61.16. 21,928 shares of the company's stock were exchanged, compared to its average volume of 42,617. The company's fifty day moving average price is C$59.95 and its 200-day moving average price is C$54.66. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. Ag Growth International has a fifty-two week low of C$47.07 and a fifty-two week high of C$64.51. The firm has a market capitalization of C$1.16 billion, a PE ratio of 17.78, a P/E/G ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$1.70 earnings per share for the quarter, beating 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 company had revenue of C$379.32 million for the quarter, compared to the consensus estimate of C$414.68 million.

Ag Growth International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Wednesday, March 27th. Ag Growth International's payout ratio is 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.