Ag Growth International Inc. to Post Q1 2024 Earnings of $0.77 Per Share, Atb Cap Markets Forecasts (TSE:AFN)

Ag Growth International Inc. (TSE:AFNFree Report) – Equities research analysts at Atb Cap Markets lowered their Q1 2024 earnings estimates for Ag Growth International in a report released on Monday, April 1st. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $0.77 for the quarter, down from their previous estimate of $0.90. The consensus estimate for Ag Growth International’s current full-year earnings is $5.84 per share. Atb Cap Markets also issued estimates for Ag Growth International’s FY2024 earnings at $6.06 EPS and Q1 2025 earnings at $1.04 EPS.

Ag Growth International (TSE:AFNGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.08 by C$0.62. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. The company had revenue of C$379.32 million during the quarter, compared to the consensus estimate of C$414.68 million.

A number of other analysts also recently weighed in on AFN. Scotiabank raised their price target on shares of Ag Growth International from C$83.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. CIBC raised their price target on shares of Ag Growth International from C$78.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. ATB Capital lifted their price objective on shares of Ag Growth International from C$81.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Raymond James lifted their price objective on shares of Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$81.44.

View Our Latest Research Report on AFN

Ag Growth International Stock Down 1.6 %

Shares of TSE:AFN opened at C$62.36 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 285.22. Ag Growth International has a 52-week low of C$47.07 and a 52-week high of C$64.51. The company has a 50 day moving average of C$59.16 and a two-hundred day moving average of C$54.33. The company has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32.

Ag Growth International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, March 27th. Ag Growth International’s dividend payout ratio (DPR) is presently 17.44%.

About Ag Growth International

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Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.

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

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