FY2024 Earnings Estimate for Ag Growth International Inc. (TSE:AFN) Issued By Cormark

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at Cormark cut their FY2024 earnings per share estimates for shares of Ag Growth International in a research note issued on Wednesday, May 1st. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $6.13 for the year, down from their prior forecast of $6.45. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. Cormark also issued estimates for Ag Growth International’s FY2025 earnings at $7.23 EPS and FY2026 earnings at $8.05 EPS.

A number of other analysts also recently issued reports on AFN. National Bankshares cut their target price on Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating for the company in a research note on Wednesday. CIBC lifted 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. ATB Capital cut their price target on Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Tuesday. TD Securities boosted their price target on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada increased their price target on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ag Growth International currently has a consensus rating of “Buy” and an average target price of C$78.22.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$50.07 on Friday. The stock has a market capitalization of C$951.83 million, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32. The firm has a 50-day simple moving average of C$60.49 and a 200-day simple moving average of C$55.28. 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 quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 285.22.

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 the consensus estimate of C$1.08 by C$0.62. The business had revenue of C$379.32 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.20%. Ag Growth International’s payout ratio is currently 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.