Ag Growth International Inc. (TSE:AFN) Expected to Earn Q2 2024 Earnings of $1.93 Per Share

Ag Growth International Inc. (TSE:AFN) – Research analysts at Raymond James raised their Q2 2024 earnings per share (EPS) estimates for Ag Growth International in a research report issued on Wednesday, May 1st. Raymond James analyst S. Hansen now anticipates that the company will earn $1.93 per share for the quarter, up from their prior forecast of $1.75. Raymond James has a “Outperform” rating and a $72.00 price target on the stock. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share.

A number of other equities research analysts also recently weighed in on AFN. Royal Bank of Canada raised their target price on Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a report on Friday, March 8th. CIBC raised their target price on Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Desjardins reduced their target price on Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating on the stock in a report on Wednesday. National Bankshares reduced their target price on Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Scotiabank reduced their target price on Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating on the stock in a report on Wednesday. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$78.22.

Ag Growth International Trading Up 0.4 %

Shares of AFN stock opened at C$50.07 on Friday. The stock’s fifty day moving average price is C$60.49 and its two-hundred day moving average price is C$55.28. The company has a market cap of C$951.83 million, a PE ratio of 14.49, a P/E/G 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 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 issued its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.62. The business had revenue of C$379.32 million for the quarter, compared to the consensus estimate of C$414.68 million. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%.

Ag Growth International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Wednesday, March 27th. Ag Growth International’s 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.