Ag Growth International (AFN) Scheduled to Post Quarterly Earnings on Wednesday

Ag Growth International (TSE:AFN) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Ag Growth International to post earnings of C$1.67 per share for the quarter.

Ag Growth International Stock Down 3.3 %

Shares of AFN opened at C$53.78 on Tuesday. The company’s 50-day simple moving average is C$52.78 and its 200-day simple moving average is C$55.67. The stock has a market capitalization of C$1.03 billion, a PE ratio of 19.77, a P/E/G ratio of 1.30 and a beta of 2.37. Ag Growth International has a 1 year low of C$45.96 and a 1 year high of C$64.51. The company has a debt-to-equity ratio of 286.90, a quick ratio of 0.84 and a current ratio of 1.26.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Ag Growth International’s dividend payout ratio (DPR) is currently 22.06%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AFN. Scotiabank cut their target price on shares of Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. ATB Capital reduced their price objective on shares of Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Desjardins decreased their price target on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, National Bankshares reduced their price target on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$78.22.

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.