Ag Growth International (AFN) Set to Announce Quarterly Earnings on Tuesday

Ag Growth International (TSE:AFN) is scheduled to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C$2.01 per share for the quarter.

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

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$49.87 on Monday. The firm’s 50 day moving average is C$52.77 and its two-hundred day moving average is C$52.83. The firm has a market capitalization of C$951.02 million, a P/E ratio of 32.81, a PEG ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio is currently 39.47%.

Analysts Set New Price Targets

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

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.