Desjardins Has Negative Outlook of TSE:AFN FY2025 Earnings

Ag Growth International Inc. (TSE:AFN) – Investment analysts at Desjardins dropped their FY2025 earnings per share estimates for shares of Ag Growth International in a research report issued to clients and investors on Sunday, October 20th. Desjardins analyst G. Ho now anticipates that the company will post earnings per share of $5.74 for the year, down from their previous forecast of $6.22. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The business had revenue of C$351.78 million for the quarter, compared to the consensus estimate of C$397.51 million. Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%.

Several other analysts also recently issued reports on AFN. Raymond James downgraded Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. TD Securities lowered their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, CIBC lowered their target price on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.67.

Ag Growth International Stock Performance

AFN stock opened at C$49.10 on Tuesday. The business’s 50-day moving average price is C$53.76 and its two-hundred day moving average price is C$53.46. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The firm has a market cap of C$936.34 million, a PE ratio of 32.15, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$45.96 and a 1-year high of C$64.51.

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, September 27th. Ag Growth International’s dividend payout ratio is currently 39.47%.

About Ag Growth International

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.