Q1 2024 EPS Estimates for Ag Growth International Inc. Decreased by Atb Cap Markets (TSE:AFN)

Ag Growth International Inc. (TSE:AFNFree Report) – Analysts at Atb Cap Markets reduced their Q1 2024 earnings estimates for Ag Growth International in a research note issued to investors on Monday, April 1st. Atb Cap Markets analyst T. Monachello now forecasts that the company will post earnings of $0.77 per share for the quarter, down from their previous estimate of $0.90. The consensus estimate for Ag Growth International’s current full-year earnings is $5.84 per share. Atb Cap Markets also issued estimates for Ag Growth International’s FY2024 earnings at $6.06 EPS and Q1 2025 earnings at $1.04 EPS.

Other equities analysts have also issued reports about the stock. Scotiabank lifted their price target on shares of Ag Growth International from C$83.00 to C$88.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. National Bankshares boosted their price objective on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Royal Bank of Canada boosted their price objective on shares of Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a report on Friday, March 8th. TD Securities boosted their price objective on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Desjardins boosted their price objective on shares of Ag Growth International from C$82.00 to C$85.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$81.44.

View Our Latest Stock Analysis on AFN

Ag Growth International Stock Down 2.3 %

TSE AFN traded down C$1.47 on Tuesday, hitting C$61.93. The stock had a trading volume of 39,408 shares, compared to its average volume of 41,777. The business’s fifty day moving average price is C$59.07 and its 200 day moving average price is C$54.28. The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84. Ag Growth International has a 52-week low of C$47.07 and a 52-week high of C$64.51. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFNGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.08 by C$0.62. The company had revenue of C$379.32 million for the quarter, compared to analyst estimates of C$414.68 million. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%.

Ag Growth International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, March 27th. Ag Growth International’s dividend payout ratio is presently 17.44%.

Ag Growth International Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Ag Growth International (TSE:AFN)

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