FY2024 EPS Estimates for Ag Growth International Inc. (TSE:AFN) Cut by Desjardins

Ag Growth International Inc. (TSE:AFN) – Research analysts at Desjardins decreased their FY2024 EPS estimates for shares of Ag Growth International in a research note issued on Tuesday, April 30th. Desjardins analyst G. Ho now expects that the company will post earnings per share of $5.76 for the year, down from their previous forecast of $6.50. Desjardins currently has a “Buy” rating and a $78.00 target price on the stock. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. Desjardins also issued estimates for Ag Growth International’s FY2025 earnings at $6.57 EPS.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 EPS for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.62. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. The business had revenue of C$379.32 million during the quarter, compared to analysts’ expectations of C$414.68 million.

Other equities research analysts have also recently issued research reports about the company. National Bankshares reduced their price objective 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. Raymond James lifted their price target on shares of Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. ATB Capital lowered their price objective on shares of Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. CIBC lifted their price objective on shares of 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. Finally, Scotiabank lowered their target price on shares of Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating on the stock in a report on Wednesday. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$78.22.

Ag Growth International Stock Performance

Shares of Ag Growth International stock opened at C$50.07 on Friday. The business has a 50-day simple moving average of C$60.36 and a 200 day simple moving average of C$55.28. Ag Growth International has a one year low of C$47.07 and a one year high of C$64.51. The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84. The firm has a market capitalization of C$951.83 million, a price-to-earnings ratio of 14.56, a PEG ratio of 1.30 and a beta of 2.32.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.20%. Ag Growth International’s dividend payout ratio (DPR) 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.