Q3 2024 EPS Estimates for Ag Growth International Inc. Increased by Raymond James (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Equities researchers at Raymond James boosted their Q3 2024 earnings estimates for shares of Ag Growth International in a research note issued to investors on Wednesday, May 1st. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $2.35 for the quarter, up from their previous forecast of $1.71. Raymond James currently has a “Outperform” rating and a $72.00 price objective on the stock. The consensus estimate for Ag Growth International’s current full-year earnings is $5.90 per share. Raymond James also issued estimates for Ag Growth International’s Q4 2024 earnings at $1.99 EPS, FY2024 earnings at $6.67 EPS and FY2025 earnings at $7.21 EPS.

Other research analysts have also recently issued research reports about the stock. TD Securities upped their price target on shares of Ag Growth International from C$75.00 to C$83.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada boosted their target price on Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. National Bankshares lowered their price objective on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. CIBC upped their target price on shares of Ag Growth International from C$78.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Scotiabank lowered their price objective on 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$78.22.

Ag Growth International Stock Up 0.7 %

AFN opened at C$49.80 on Monday. The company has a market cap of C$946.70 million, a PE ratio of 14.37, a price-to-earnings-growth 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 company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 285.22. The company has a 50 day moving average of C$60.24 and a 200 day moving average of C$55.34.

Ag Growth International (TSE:AFN) last issued its earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.08 by C$0.62. The firm had revenue of C$379.32 million for the quarter, compared to analyst estimates of C$414.68 million. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%.

Ag Growth International Dividend Announcement

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