National Bank Financial Forecasts TSE:AFN FY2024 Earnings

Ag Growth International Inc. (TSE:AFN - Free Report) - Analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Ag Growth International in a research note issued to investors on Tuesday, December 3rd. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $4.60 for the year, down from their previous forecast of $4.81. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. National Bank Financial also issued estimates for Ag Growth International's Q4 2024 earnings at $1.53 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $1.26 EPS, Q3 2025 earnings at $0.97 EPS, Q4 2025 earnings at $1.56 EPS and FY2026 earnings at $5.36 EPS.

Several other research firms have also weighed in on AFN. TD Securities lowered their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a "buy" rating on the stock in a report on Monday, August 12th. CIBC decreased their price objective on shares of Ag Growth International from C$75.00 to C$70.00 in a research note on Thursday, November 7th. Raymond James cut shares of Ag Growth International from an "outperform" rating to a "market perform" rating and cut their target price for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. Finally, Royal Bank of Canada decreased their price target on Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$74.38.

Ag Growth International Price Performance

Ag Growth International stock traded down C$0.52 during mid-day trading on Friday, hitting C$53.78. 71,138 shares of the company were exchanged, compared to its average volume of 63,922. The company has a market capitalization of C$1.03 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The business has a fifty day moving average of C$51.88 and a 200 day moving average of C$52.67. 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 quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, September 27th. Ag Growth International's dividend payout ratio (DPR) is presently 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.