Q2 2021 EPS Estimates for Ag Growth International Inc. Cut by National Bank Financial (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Stock analysts at National Bank Financial lowered their Q2 2021 earnings per share estimates for shares of Ag Growth International in a research note issued to investors on Thursday, May 13th. National Bank Financial analyst M. Robertson now forecasts that the company will post earnings per share of $0.77 for the quarter, down from their prior forecast of $0.83. National Bank Financial also issued estimates for Ag Growth International’s Q3 2021 earnings at $1.06 EPS, Q4 2021 earnings at $0.18 EPS and FY2021 earnings at $2.79 EPS.

Ag Growth International (TSE:AFN) last issued its earnings results on Tuesday, March 16th. The company reported C$0.46 EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.60. The firm had revenue of C$227.39 million during the quarter, compared to the consensus estimate of C$238.53 million.

A number of other brokerages have also commented on AFN. Royal Bank of Canada decreased their price objective on Ag Growth International from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Thursday, May 13th. CIBC boosted their price objective on Ag Growth International from C$42.00 to C$50.00 and gave the stock a “strong-buy” rating in a report on Thursday, March 18th. National Bankshares boosted their price objective on Ag Growth International from C$46.00 to C$48.00 and gave the stock an “outperform” rating in a report on Thursday, March 18th. Raymond James reissued a “strong-buy” rating and set a C$62.00 price objective on shares of Ag Growth International in a report on Thursday, May 13th. Finally, Desjardins boosted their price objective on Ag Growth International from C$38.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, February 23rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$49.88.

Shares of AFN opened at C$41.53 on Monday. The company has a debt-to-equity ratio of 337.96, a quick ratio of 0.76 and a current ratio of 1.55. The stock has a 50 day moving average price of C$42.90 and a two-hundred day moving average price of C$36.77. The firm has a market capitalization of C$779.81 million and a P/E ratio of -4,614.44. Ag Growth International has a 52 week low of C$25.24 and a 52 week high of C$48.47.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. Ag Growth International’s payout ratio is presently -6,666.67%.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. It offers portable handling equipment, such as portable augers, conveyors, grain vacs, post pounders, seed treaters, and accessories; and permanent handling equipment, including bucket elevators, chain and belt conveyors, enclosed belt conveyors, distributors, feed handling equipment, screw feeders and conveyors, and spouts and connections.

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Earnings History and Estimates for Ag Growth International (TSE:AFN)

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