Raymond James Has Weak Estimate for TSE:AFN FY2024 Earnings

Ag Growth International Inc. (TSE:AFN) – Raymond James reduced their FY2024 earnings estimates for Ag Growth International in a note issued to investors on Thursday, November 7th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $5.20 per share for the year, down from their prior forecast of $6.42. Raymond James has a “Market Perform” rating and a $62.00 price target on the stock. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Raymond James also issued estimates for Ag Growth International’s Q4 2024 earnings at $2.13 EPS and FY2025 earnings at $5.71 EPS.

AFN has been the subject of several other research reports. CIBC cut their target price on Ag Growth International from C$75.00 to C$70.00 in a research report on Thursday. Royal Bank of Canada reduced their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday. Finally, TD Securities dropped their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$74.38.

Ag Growth International Stock Up 0.0 %

TSE AFN opened at C$52.65 on Monday. Ag Growth International has a 1-year low of C$45.96 and a 1-year high of C$64.51. The company has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 1.30 and a beta of 2.29. The stock’s 50 day moving average is C$52.40 and its two-hundred day moving average is C$52.46. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. Ag Growth International’s payout ratio is 39.47%.

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.