Cormark Issues Pessimistic Estimate for TSE:AFN Earnings

Ag Growth International Inc. (TSE:AFN - Free Report) - Analysts at Cormark reduced their FY2025 earnings per share estimates for Ag Growth International in a report released on Monday, March 10th. Cormark analyst K. Mcphee now expects that the company will post earnings per share of $4.20 for the year, down from their previous estimate of $5.32. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share.

Several other equities research analysts have also issued reports on the stock. National Bankshares reduced their target price on shares of Ag Growth International from C$55.00 to C$51.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Desjardins decreased their price objective on shares of Ag Growth International from C$57.00 to C$49.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Atb Cap Markets downgraded shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. TD Securities decreased their price objective on shares of Ag Growth International from C$48.00 to C$46.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Finally, Raymond James upgraded shares of Ag Growth International from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from C$52.00 to C$47.00 in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$50.25.

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Ag Growth International Stock Performance

Shares of AFN stock traded up C$0.46 during trading hours on Thursday, reaching C$36.49. 64,881 shares of the company traded hands, compared to its average volume of 115,765. The firm has a 50-day moving average price of C$38.97 and a 200 day moving average price of C$47.68. The company has a market cap of C$697.42 million, a P/E ratio of 29.13, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12-month low of C$31.60 and a 12-month high of C$64.31. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. Ag Growth International's dividend payout ratio is currently 47.90%.

Insider Buying and Selling at Ag Growth International

In other Ag Growth International news, Senior Officer Paul David Householder acquired 4,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of C$36.01 per share, with a total value of C$144,040.00. Also, Director Anne De Greef-Safft acquired 2,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of C$36.99 per share, with a total value of C$73,985.00. In the last ninety days, insiders have purchased 12,000 shares of company stock worth $436,101. Insiders own 1.06% of the company's stock.

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.