Q3 Earnings Estimate for TSE:AFN Issued By Desjardins

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at Desjardins issued their Q3 2024 EPS estimates for shares of Ag Growth International in a research note issued to investors on Sunday, October 20th. Desjardins analyst G. Ho forecasts that the company will earn $1.39 per share for the quarter. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Desjardins also issued estimates for Ag Growth International’s FY2024 earnings at $5.51 EPS and FY2026 earnings at $6.15 EPS.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing the consensus estimate of C$1.67 by C($0.25). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. The firm had revenue of C$351.78 million during the quarter, compared to analyst estimates of C$397.51 million.

A number of other research analysts also recently issued reports on AFN. TD Securities reduced their price target on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$72.00 to C$62.00 in a research note on Friday, October 18th. Finally, CIBC decreased their target price on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$75.67.

Ag Growth International Stock Performance

Shares of AFN opened at C$48.72 on Wednesday. The stock has a market capitalization of C$929.09 million, a PE ratio of 32.05, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The business’s fifty day moving average price is C$53.87 and its 200 day moving average price is C$53.56. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. Ag Growth International has a 12-month low of C$45.96 and a 12-month high of C$64.51.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 1.23%. Ag Growth International’s dividend payout ratio is currently 39.47%.

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.