Ag Growth International (AFN) Set to Announce Quarterly Earnings on Monday

Ag Growth International (TSE:AFN) is scheduled to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Ag Growth International to post earnings of C$0.65 per share for the quarter.

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, beating analysts’ consensus estimates of C$1.08 by C$0.62. The company had revenue of C$379.32 million during the quarter, compared to analysts’ expectations of C$414.68 million. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%.

Ag Growth International Trading Down 0.1 %

Shares of Ag Growth International stock opened at C$60.70 on Monday. The firm has a 50-day moving average of C$60.41 and a 200-day moving average of C$55.02. The stock has a market cap of C$1.15 billion, a PE ratio of 17.65, a PEG ratio of 1.30 and a beta of 2.32. 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 debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21.

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 0.99%. Ag Growth International’s dividend payout ratio is 17.44%.

Analysts Set New Price Targets

AFN has been the subject of several recent analyst reports. Desjardins upped their price objective on shares of Ag Growth International from C$82.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. National Bankshares upped their price objective on shares of Ag Growth International from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. ATB Capital upped 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 research report on Thursday, March 7th. Scotiabank upped their price objective 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. Finally, Royal Bank of Canada increased their target price 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Ag Growth International presently has an average rating of “Buy” and a consensus target price of C$81.44.

About Ag Growth International

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.