Ag Growth International Inc. Expected to Post FY2022 Earnings of $3.05 Per Share (TSE:AFN)

Ag Growth International Inc. (TSE:AFNGet Rating) – Equities research analysts at Desjardins issued their FY2022 EPS estimates for Ag Growth International in a research note issued to investors on Wednesday, May 11th. Desjardins analyst G. Ho forecasts that the company will post earnings per share of $3.05 for the year. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Ag Growth International’s FY2023 earnings at $4.10 EPS.

Several other brokerages also recently issued reports on AFN. Raymond James set a C$50.00 price objective on shares of Ag Growth International and gave the company an “outperform” rating in a research report on Monday, May 9th. Royal Bank of Canada increased their price objective on shares of Ag Growth International from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Thursday, March 17th. Scotiabank increased their price objective on shares of Ag Growth International from C$45.00 to C$50.00 in a research report on Thursday, March 10th. ATB Capital reaffirmed an “outperform” rating and issued a C$58.00 price objective on shares of Ag Growth International in a research report on Wednesday, April 20th. Finally, CIBC increased their target price on Ag Growth International from C$47.00 to C$51.00 in a research note on Thursday, March 10th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$50.57.

Shares of TSE:AFN opened at C$32.59 on Monday. The company has a quick ratio of 0.60, a current ratio of 1.23 and a debt-to-equity ratio of 334.55. Ag Growth International has a 52-week low of C$25.85 and a 52-week high of C$44.24. The company has a 50 day moving average of C$40.21 and a two-hundred day moving average of C$35.61. The company has a market capitalization of C$615.36 million and a price-to-earnings ratio of 65.31.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend 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. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.

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Earnings History and Estimates for Ag Growth International (TSE:AFN)

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