Cormark Comments on Ag Growth International Inc.’s Q2 2022 Earnings (TSE:AFN)

Ag Growth International Inc. (TSE:AFNGet Rating) – Investment analysts at Cormark issued their Q2 2022 earnings per share estimates for Ag Growth International in a report released on Monday, August 1st. Cormark analyst K. Mcphee expects that the company will post earnings of $0.91 per share for the quarter. The consensus estimate for Ag Growth International’s current full-year earnings is $3.83 per share. Cormark also issued estimates for Ag Growth International’s FY2022 earnings at $2.74 EPS and FY2023 earnings at $3.75 EPS.

Several other research analysts have also recently issued reports on the company. Desjardins reaffirmed a “buy” rating on shares of Ag Growth International in a report on Wednesday, May 11th. National Bankshares set a C$49.00 price target on Ag Growth International and gave the company an “outperform” rating in a report on Tuesday, April 19th. ATB Capital upped their price target on Ag Growth International from C$57.00 to C$59.00 and gave the company an “outperform” rating in a report on Tuesday, July 5th. Finally, Raymond James set a C$50.00 price target on Ag Growth International and gave the company an “outperform” rating in a report on Monday, May 9th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$50.71.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$33.49 on Thursday. The stock has a market cap of C$632.36 million and a price-to-earnings ratio of 59.80. Ag Growth International has a 12 month low of C$25.85 and a 12 month high of C$44.24. The stock’s 50 day moving average price is C$31.85 and its 200 day moving average price is C$35.56. The company has a debt-to-equity ratio of 348.30, a current ratio of 1.40 and a quick ratio of 0.63.

Ag Growth International (TSE:AFNGet Rating) last announced its earnings results on Tuesday, May 10th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.51 by C($0.39). The company had revenue of C$292.03 million during the quarter, compared to analysts’ expectations of C$296.48 million.

About Ag Growth International

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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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