FY2022 Earnings Forecast for Ag Growth International Inc. (TSE:AFN) Issued By National Bank Financial

Ag Growth International Inc. (TSE:AFNGet Rating) – Equities researchers at National Bank Financial reduced their FY2022 EPS estimates for shares of Ag Growth International in a research note issued on Tuesday, April 19th. National Bank Financial analyst M. Robertson now forecasts that the company will post earnings of $3.21 per share for the year, down from their previous forecast of $3.25. National Bank Financial also issued estimates for Ag Growth International’s FY2023 earnings at $3.96 EPS.

Several other research firms have also recently commented on AFN. Raymond James boosted their target price on Ag Growth International from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research note on Thursday, March 10th. ATB Capital reaffirmed an “outperform” rating and set a C$58.00 price target on shares of Ag Growth International in a research report on Wednesday. CIBC boosted their price target on Ag Growth International from C$47.00 to C$51.00 in a research report on Thursday, March 10th. National Bankshares set a C$49.00 price target on Ag Growth International and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Scotiabank boosted their price target on Ag Growth International from C$45.00 to C$50.00 in a research report on Thursday, March 10th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$50.57.

TSE AFN opened at C$40.57 on Friday. The stock has a market capitalization of C$762.46 million and a price-to-earnings ratio of 81.30. The stock’s 50 day moving average price is C$39.88 and its two-hundred day moving average price is C$34.37. The company has a debt-to-equity ratio of 334.55, a quick ratio of 0.60 and a current ratio of 1.23. Ag Growth International has a 52 week low of C$25.85 and a 52 week high of C$45.91.

Ag Growth International (TSE:AFNGet Rating) last released its earnings results on Wednesday, March 9th. The company reported C$0.89 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.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, March 30th. Ag Growth International’s dividend payout ratio is 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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Earnings History and Estimates for Ag Growth International (TSE:AFN)

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