TSE:AFN FY2024 EPS Decreased by National Bank Financial

Ag Growth International Inc. (TSE:AFN - Free Report) - Research analysts at National Bank Financial lowered their FY2024 earnings per share estimates for shares of Ag Growth International in a research report issued to clients and investors on Monday, January 13th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $3.86 for the year, down from their prior estimate of $4.60. 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 $0.79 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $3.32 EPS and FY2026 earnings at $4.42 EPS.

AFN has been the subject of several other research reports. Raymond James reduced their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. ATB Capital downgraded shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$79.00 to C$63.00 in a research report on Tuesday. Atb Cap Markets lowered Ag Growth International from a "strong-buy" rating to a "hold" rating in a report on Tuesday. TD Securities cut their target price on Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$67.25.

Ag Growth International Stock Performance

Shares of TSE AFN traded down C$0.82 during mid-day trading on Thursday, hitting C$38.96. 127,829 shares of the company were exchanged, compared to its average volume of 139,809. The stock has a 50 day simple moving average of C$51.28 and a 200-day simple moving average of C$52.61. Ag Growth International has a 1-year low of C$38.93 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. The firm has a market cap of C$742.97 million, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.54%. Ag Growth International's dividend payout ratio is presently 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.