National Bank Financial Analysts Lift Earnings Estimates for Ag Growth International Inc. (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at National Bank Financial raised their Q2 2024 earnings per share (EPS) estimates for Ag Growth International in a research report issued to clients and investors on Tuesday, April 9th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $2.05 per share for the quarter, up from their prior estimate of $2.03. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. National Bank Financial also issued estimates for Ag Growth International’s Q3 2024 earnings at $1.88 EPS and FY2024 earnings at $5.78 EPS.

Other equities analysts also recently issued research reports about the company. ATB Capital upped their target price on Ag Growth International from C$81.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Royal Bank of Canada upped their price objective on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. National Bankshares lifted their target price on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Scotiabank increased 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 note on Thursday, March 7th. Finally, Raymond James lifted their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$81.44.

Ag Growth International Trading Down 0.3 %

TSE AFN opened at C$61.00 on Friday. The stock has a market cap of C$1.16 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32. Ag Growth International has a fifty-two week low of C$47.07 and a fifty-two week high of C$64.51. The stock has a 50 day simple moving average of C$60.01 and a two-hundred day simple moving average of C$54.71. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21.

Ag Growth International (TSE:AFN) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share 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 business had revenue of C$379.32 million during the quarter, compared to analysts’ expectations of C$414.68 million.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, March 27th. Ag Growth International’s dividend payout ratio is 17.44%.

Ag Growth International Company Profile

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.