Cormark Expects Weaker Earnings for Ag Growth International

Ag Growth International Inc. (TSE:AFN - Free Report) - Stock analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for Ag Growth International in a note issued to investors on Friday, November 8th. Cormark analyst K. Mcphee now forecasts that the company will post earnings of $6.63 per share for the year, down from their prior forecast of $7.01. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. Cormark also issued estimates for Ag Growth International's FY2026 earnings at $7.33 EPS.

Several other analysts have also weighed in on the stock. Raymond James lowered shares of Ag Growth International from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. TD Securities reduced their price objective on shares of Ag Growth International from C$79.00 to C$77.00 and set a "buy" rating for the company in a report on Monday, August 12th. Royal Bank of Canada cut their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday. Finally, CIBC dropped their price target on Ag Growth International from C$75.00 to C$70.00 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$74.38.

Ag Growth International Trading Down 0.5 %

AFN stock traded down C$0.27 during trading on Monday, hitting C$52.38. The company had a trading volume of 59,393 shares, compared to its average volume of 64,799. The business has a 50-day moving average of C$52.40 and a 200-day moving average of C$52.46. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. Ag Growth International has a one year low of C$45.96 and a one year high of C$64.51. The stock has a market cap of C$998.89 million, a PE ratio of 34.64, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. Ag Growth International's payout ratio is 39.47%.

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.