Desjardins Issues Pessimistic Forecast for TSE:AFN Earnings

Ag Growth International Inc. (TSE:AFN - Free Report) - Stock analysts at Desjardins dropped their FY2025 earnings per share estimates for Ag Growth International in a research report issued on Sunday, October 20th. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $5.74 for the year, down from their previous forecast of $6.22. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share.

Ag Growth International (TSE:AFN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The firm had revenue of C$351.78 million for the quarter, compared to the consensus estimate of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%.

Other analysts have also issued research reports about the stock. 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 for the company in a report on Monday, August 12th. Raymond James cut shares of Ag Growth International from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$72.00 to C$62.00 in a report on Friday. Finally, CIBC dropped their price target on Ag Growth International from C$78.00 to C$75.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Ag Growth International currently has a consensus rating of "Moderate Buy" and an average target price of C$75.67.

Ag Growth International Price Performance

Shares of Ag Growth International stock traded down C$0.08 during midday trading on Tuesday, reaching C$48.72. The company had a trading volume of 105,111 shares, compared to its average volume of 61,499. The company has a market capitalization of C$929.09 million, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. 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 current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The stock has a fifty day simple moving average of C$53.87 and a 200 day simple moving average of C$53.56.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 1.23%. 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.