Ag Growth International Inc. (TSE:AFN) to Issue Quarterly Dividend of $0.15

Ag Growth International Inc. (TSE:AFN) declared a quarterly dividend on Wednesday, June 19th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.15 per share on Monday, July 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 28th.

Ag Growth International Stock Down 1.8 %

Ag Growth International stock opened at C$50.92 on Friday. Ag Growth International has a twelve month low of C$45.96 and a twelve month high of C$64.51. The firm has a 50 day moving average price of C$52.56 and a 200-day moving average price of C$55.24. The company has a market capitalization of C$970.54 million, a P/E ratio of 18.72, a P/E/G ratio of 1.30 and a beta of 2.37. The company has a quick ratio of 0.84, a current ratio of 1.26 and a debt-to-equity ratio of 286.90.

Ag Growth International (TSE:AFN) last released its earnings results on Monday, April 29th. The company reported C$0.39 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.73 by C($0.34). Ag Growth International had a net margin of 3.64% and a return on equity of 17.89%. The company had revenue of C$314.60 million for the quarter, compared to the consensus estimate of C$360.57 million. As a group, equities analysts predict that Ag Growth International will post 6.069281 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on AFN shares. Royal Bank of Canada upped their price target on shares of Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. National Bankshares dropped their price target on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. TD Securities upped their price target on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Raymond James upped their price target on shares of Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Desjardins dropped their price target on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$78.22.

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.