Q3 2024 Earnings Estimate for Ag Growth International Inc. (TSE:AFN) Issued By Atb Cap Markets

Ag Growth International Inc. (TSE:AFN) – Stock analysts at Atb Cap Markets decreased their Q3 2024 earnings per share (EPS) estimates for shares of Ag Growth International in a note issued to investors on Tuesday, April 30th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $2.20 for the quarter, down from their prior estimate of $2.21. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. Atb Cap Markets also issued estimates for Ag Growth International’s Q2 2025 earnings at $1.52 EPS and Q3 2025 earnings at $2.12 EPS.

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

AFN has been the subject of a number of other research reports. Desjardins reduced their price objective on Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating for the company in a research note on Wednesday. TD Securities boosted their target price on shares of Ag Growth International from C$75.00 to C$83.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. National Bankshares dropped their price target on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James boosted their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Scotiabank dropped their target price on 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$78.22.

Ag Growth International Stock Up 0.4 %

Ag Growth International stock opened at C$50.07 on Thursday. The company has a market capitalization of C$951.83 million, a PE ratio of 14.49, a PEG ratio of 1.30 and a beta of 2.32. Ag Growth International has a 12-month low of C$47.07 and a 12-month high of C$64.51. The firm’s fifty day moving average is C$60.49 and its 200 day moving average is C$55.28. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Ag Growth International’s dividend payout ratio is currently 17.44%.

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.