What is Raymond James' Estimate for TSE:AFN FY2024 Earnings?

Ag Growth International Inc. (TSE:AFN - Free Report) - Research analysts at Raymond James dropped their FY2024 earnings estimates for shares of Ag Growth International in a research report issued on Tuesday, January 14th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $4.39 per share for the year, down from their previous estimate of $5.20. 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 $1.32 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $1.64 EPS and FY2025 earnings at $3.90 EPS.

A number of other brokerages also recently commented on AFN. TD Securities decreased 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. CIBC reduced their price objective on Ag Growth International from C$72.00 to C$61.00 in a research report on Tuesday. ATB Capital downgraded Ag Growth International from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from C$79.00 to C$63.00 in a research note on Tuesday. Atb Cap Markets downgraded shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, Royal Bank of Canada lowered their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$67.25.

Ag Growth International Stock Performance

Shares of TSE:AFN traded up C$1.74 during trading on Friday, reaching C$40.70. 89,469 shares of the company's stock traded hands, compared to its average volume of 135,614. The stock has a market capitalization of C$776.15 million, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12 month low of C$38.62 and a 12 month high of C$64.51. The company has a 50 day moving average of C$51.01 and a 200-day moving average of C$52.51. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given 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 1.47%. 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.