Q3 2024 EPS Estimates for Ag Growth International Inc. (TSE:AFN) Decreased by Analyst

Ag Growth International Inc. (TSE:AFN - Free Report) - Stock analysts at Atb Cap Markets cut their Q3 2024 EPS estimates for Ag Growth International in a research note issued to investors on Tuesday, April 30th. Atb Cap Markets analyst T. Monachello now forecasts that the company will earn $2.20 per share for the quarter, down from their previous forecast 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.

Several other research analysts have also commented on the company. ATB Capital decreased their target price on Ag Growth International from C$85.00 to C$81.00 and set an "outperform" rating for the company in a research report on Tuesday. Royal Bank of Canada lifted their price objective on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an "outperform" rating in a report on Friday, March 8th. TD Securities increased their target price on shares of 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. National Bankshares reduced 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 research report on Wednesday. Finally, Scotiabank lowered their price objective on shares of Ag Growth International from C$88.00 to C$75.00 and set an "outperform" rating for the company in a research report on Wednesday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$78.22.

Ag Growth International Stock Down 1.3 %

Ag Growth International stock traded down C$0.65 during midday trading on Thursday, hitting C$49.85. The stock had a trading volume of 142,523 shares, compared to its average volume of 47,118. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 285.22. The business has a fifty day moving average price of C$60.64 and a 200 day moving average price of C$55.32. Ag Growth International has a 12 month low of C$47.07 and a 12 month high of C$64.51. The stock has a market cap of C$947.65 million, a P/E ratio of 14.49, a P/E/G ratio of 1.30 and a beta of 2.32.

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

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.20%. Ag Growth International's dividend 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.