National Bank Financial Equities Analysts Reduce Earnings Estimates for Ag Growth International Inc. (TSE:AFN)

Ag Growth International Inc. (TSE:AFNGet Rating) – Investment analysts at National Bank Financial decreased their Q1 2022 earnings per share estimates for shares of Ag Growth International in a research report issued on Tuesday, April 19th. National Bank Financial analyst M. Robertson now forecasts that the company will post earnings of $0.44 per share for the quarter, down from their prior estimate of $0.57. National Bank Financial also issued estimates for Ag Growth International’s Q2 2022 earnings at $0.94 EPS, Q3 2022 earnings at $0.93 EPS and Q4 2022 earnings at $0.89 EPS.

Ag Growth International (TSE:AFNGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported C$0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.47 by C$0.42. The firm had revenue of C$327.10 million during the quarter, compared to the consensus estimate of C$287.08 million.

AFN has been the subject of several other reports. CIBC boosted their target price on Ag Growth International from C$47.00 to C$51.00 in a research report on Thursday, March 10th. Royal Bank of Canada boosted their target price on Ag Growth International from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Thursday, March 17th. Raymond James boosted their target price on Ag Growth International from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Thursday, March 10th. National Bankshares set a C$49.00 target price on Ag Growth International and gave the stock an “outperform” rating in a research report on Tuesday. Finally, ATB Capital restated an “outperform” rating and set a C$58.00 target price on shares of Ag Growth International in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$50.57.

Shares of TSE AFN opened at C$41.53 on Thursday. The stock has a market cap of C$780.51 million and a PE ratio of 83.23. Ag Growth International has a fifty-two week low of C$25.85 and a fifty-two week high of C$45.91. The company has a debt-to-equity ratio of 334.55, a quick ratio of 0.60 and a current ratio of 1.23. The stock has a fifty day moving average of C$39.76 and a 200-day moving average of C$34.28.

The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, March 30th. Ag Growth International’s dividend payout ratio (DPR) is currently 120.24%.

Ag Growth International Company Profile (Get Rating)

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. It offers portable handling equipment, such as portable augers, conveyors, grain vacs, post pounders, seed treaters, and accessories; and permanent handling equipment, including bucket elevators, chain and belt conveyors, enclosed belt conveyors, distributors, feed handling equipment, screw feeders and conveyors, and spouts and connections.

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