Q4 2023 Earnings Forecast for Ag Growth International Inc. Issued By Raymond James (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Raymond James dropped their Q4 2023 EPS estimates for shares of Ag Growth International in a report released on Thursday, November 9th. Raymond James analyst S. Hansen now forecasts that the company will earn $1.01 per share for the quarter, down from their previous forecast of $1.30. Raymond James currently has a “Outperform” rating and a $64.00 price objective on the stock. The consensus estimate for Ag Growth International’s current full-year earnings is $5.88 per share.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Thursday, August 10th. The company reported C$2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.29 by C$0.95. The company had revenue of C$390.27 million for the quarter, compared to analyst estimates of C$424.00 million. Ag Growth International had a negative net margin of 0.68% and a negative return on equity of 3.18%. During the same period last year, the company posted $1.20 earnings per share.

Several other equities research analysts also recently commented on the stock. Royal Bank of Canada lifted their price objective on shares of Ag Growth International from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 15th. Desjardins decreased their price objective on shares of Ag Growth International from C$84.00 to C$82.00 and set a “buy” rating for the company in a research report on Friday, October 6th. TD Securities upped their price objective on shares of Ag Growth International from C$77.00 to C$83.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. National Bankshares upped their price target on shares of Ag Growth International from C$73.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Cormark reduced their price target on shares of Ag Growth International from C$84.00 to C$76.00 in a research report on Thursday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ag Growth International currently has an average rating of “Buy” and a consensus target price of C$76.39.

Ag Growth International Trading Down 1.7 %

TSE:AFN opened at C$50.38 on Monday. Ag Growth International has a 12 month low of C$38.76 and a 12 month high of C$63.40. The firm has a fifty day simple moving average of C$53.02 and a 200-day simple moving average of C$53.68. The company has a current ratio of 1.57, a quick ratio of 0.84 and a debt-to-equity ratio of 305.75. The company has a market capitalization of C$957.22 million, a P/E ratio of -69.97, a PEG ratio of 1.30 and a beta of 2.35.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. Ag Growth International’s dividend payout ratio (DPR) is -83.33%.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and fertilizer handling equipment, aeration products, and storage bins 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.