Q4 Earnings Estimate for TSE:AFN Issued By Atb Cap Markets

Ag Growth International Inc. (TSE:AFN - Free Report) - Equities researchers at Atb Cap Markets cut their Q4 2024 earnings estimates for Ag Growth International in a research note issued to investors on Tuesday, January 14th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings of $1.19 per share for the quarter, down from their prior estimate of $1.97. Atb Cap Markets has a "Hold" rating on the stock. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. Atb Cap Markets also issued estimates for Ag Growth International's Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.59 EPS, Q4 2026 earnings at $1.44 EPS and FY2026 earnings at $5.50 EPS.

A number of other research firms have also recently commented on AFN. Royal Bank of Canada reduced their price target on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. CIBC cut their price objective on Ag Growth International from C$72.00 to C$61.00 in a research report on Tuesday. ATB Capital lowered Ag Growth International from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$79.00 to C$63.00 in a report on Tuesday. TD Securities cut their price target on Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Raymond James decreased their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Ag Growth International has a consensus rating of "Moderate Buy" and a consensus target price of C$67.25.

Ag Growth International Stock Performance

Shares of AFN traded up C$1.74 during midday trading on Friday, reaching C$40.70. The stock had a trading volume of 89,469 shares, compared to its average volume of 135,614. The firm has a market cap of C$776.15 million, a PE ratio of 26.78, a P/E/G ratio of 1.30 and a beta of 2.29. The firm has a 50 day simple moving average of C$51.01 and a 200-day simple moving average of C$52.51. Ag Growth International has a one year low of C$38.62 and a one year high of C$64.51. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, December 31st. 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.