National Bank Financial Comments on TSE:AFN Q3 Earnings

Ag Growth International Inc. (TSE:AFN) – Analysts at National Bank Financial dropped their Q3 2024 earnings per share (EPS) estimates for shares of Ag Growth International in a research note issued to investors on Monday, October 21st. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $1.43 for the quarter, down from their prior forecast of $1.55. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. National Bank Financial also issued estimates for Ag Growth International’s FY2024 earnings at $4.69 EPS and FY2025 earnings at $4.91 EPS.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). The firm had revenue of C$351.78 million for the quarter, compared to analysts’ expectations of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%.

Several other equities analysts have also recently issued reports on the company. TD Securities decreased their price objective on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research note on Monday, August 12th. CIBC decreased their price objective on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating for the company in a research note on Wednesday, October 16th. Finally, Raymond James cut Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ag Growth International has a consensus rating of “Moderate Buy” and an average target price of C$75.67.

Ag Growth International Stock Performance

Shares of AFN opened at C$48.48 on Wednesday. The stock has a 50-day simple moving average of C$53.49 and a 200-day simple moving average of C$53.39. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The stock has a market capitalization of C$924.51 million, a PE ratio of 31.89, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1 year low of C$45.96 and a 1 year high of C$64.51.

Ag Growth International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, September 27th. Ag Growth International’s dividend payout ratio (DPR) 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.