Q2 2024 Earnings Forecast for Ag Growth International Inc. Issued By Atb Cap Markets (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Stock analysts at Atb Cap Markets decreased their Q2 2024 earnings per share estimates for shares of Ag Growth International in a note issued to investors on Tuesday, April 30th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $1.62 for the quarter, down from their prior estimate of $1.90. 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 Q4 2024 earnings at $1.13 EPS, FY2024 earnings at $5.04 EPS, Q1 2025 earnings at $0.82 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $5.60 EPS and FY2026 earnings at $7.70 EPS.

Ag Growth International (TSE:AFN) last posted its quarterly 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 net margin of 4.51% and a return on equity of 23.61%. The firm had revenue of C$379.32 million for the quarter, compared to the consensus estimate of C$414.68 million.

AFN has been the topic of a number of other reports. Raymond James raised their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Royal Bank of Canada raised their price target on Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. CIBC increased their price objective on Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Scotiabank cut their target price on shares of Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, National Bankshares lowered 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 report on Wednesday. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$78.22.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$50.07 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 285.22. The stock has a market cap of C$951.83 million, a PE ratio of 14.56, a PEG ratio of 1.30 and a beta of 2.32. The company’s fifty day moving average is C$60.36 and its 200 day moving average is C$55.28. Ag Growth International has a 52 week low of C$47.07 and a 52 week high of C$64.51.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 yield of 1.20%. The ex-dividend date was Wednesday, March 27th. Ag Growth International’s payout ratio is currently 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.