What is Desjardins' Forecast for TSE:AFN Q3 Earnings?

Ag Growth International Inc. (TSE:AFN - Free Report) - Stock analysts at Desjardins issued their Q3 2024 earnings estimates for Ag Growth International in a research note issued to investors on Sunday, October 20th. Desjardins analyst G. Ho expects that the company will earn $1.39 per share for the quarter. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. Desjardins also issued estimates for Ag Growth International's FY2024 earnings at $5.51 EPS and FY2026 earnings at $6.15 EPS.

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

A number of other research firms have also recently commented on AFN. TD Securities reduced their target price on Ag Growth International from C$79.00 to C$77.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. Raymond James lowered Ag Growth International from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from C$72.00 to C$62.00 in a research report on Friday, October 18th. Finally, CIBC lowered their price objective on Ag Growth International from C$78.00 to C$75.00 and set an "outperform" rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$75.67.

Ag Growth International Price Performance

Shares of TSE AFN traded up C$0.38 during midday trading on Wednesday, hitting C$49.10. 28,508 shares of the company's stock were exchanged, compared to its average volume of 61,340. 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 business's fifty day moving average price is C$53.76 and its two-hundred day moving average price is C$53.46. The company has a market cap of C$936.34 million, a price-to-earnings ratio of 32.15, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12-month low of C$45.96 and a 12-month high of C$64.51.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. Ag Growth International's dividend payout ratio is 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.