FY2024 EPS Estimates for TSE:AFN Decreased by Raymond James

Ag Growth International Inc. (TSE:AFN - Free Report) - Equities researchers at Raymond James dropped their FY2024 earnings per share estimates for Ag Growth International in a report released on Thursday, November 7th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $5.20 for the year, down from their prior estimate of $6.42. Raymond James has a "Market Perform" rating and a $62.00 price target on the stock. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. Raymond James also issued estimates for Ag Growth International's Q4 2024 earnings at $2.13 EPS and FY2025 earnings at $5.71 EPS.

AFN has been the subject of a number of other reports. Royal Bank of Canada reduced their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday. CIBC dropped their target price on Ag Growth International from C$75.00 to C$70.00 in a research report on Thursday. Finally, 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 research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$74.38.

Ag Growth International Stock Down 0.3 %

Ag Growth International stock traded down C$0.15 during midday trading on Monday, reaching C$52.50. The company's stock had a trading volume of 47,226 shares, compared to its average volume of 64,728. The company has a market cap of C$1.00 billion, a P/E ratio of 34.64, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week 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. The business has a 50-day simple moving average of C$52.40 and a 200-day simple moving average of C$52.46.

Ag Growth International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. Ag Growth International's dividend payout ratio (DPR) 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.