Q2 2024 EPS Estimates for Ag Growth International Inc. (TSE:AFN) Cut by Atb Cap Markets

Ag Growth International Inc. (TSE:AFN) – Analysts at Atb Cap Markets lowered their Q2 2024 earnings per share (EPS) estimates for shares of Ag Growth International in a research report issued to clients and investors on Tuesday, April 30th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $1.62 for the quarter, down from their previous forecast of $1.90. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. Atb Cap Markets also issued estimates for Ag Growth International’s Q4 2024 earnings at $1.13 EPS, FY2024 earnings at $5.04 EPS, Q1 2025 earnings at $0.82 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $5.60 EPS and FY2026 earnings at $7.70 EPS.

Several other research analysts have also weighed in on AFN. ATB Capital lowered their price objective on Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Tuesday. CIBC lifted their price target on Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Royal Bank of Canada lifted their price target on Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Scotiabank cut 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 research note on Wednesday. Finally, Desjardins cut 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 research note on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$78.22.

Ag Growth International Stock Up 0.4 %

Shares of TSE:AFN opened at C$50.07 on Friday. The business has a fifty day simple moving average of C$60.49 and a 200 day simple moving average of C$55.28. Ag Growth International has a 12-month low of C$47.07 and a 12-month high of C$64.51. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 285.22. The firm has a market cap of C$951.83 million, a P/E ratio of 14.49, a P/E/G ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN) last announced its earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.62. The business had revenue of C$379.32 million during the quarter, compared to analyst estimates 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. 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.