National Bank Financial Comments on TSE:AFN FY2024 Earnings

Ag Growth International Inc. (TSE:AFN) – Investment analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of Ag Growth International in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $4.81 per share for the year, up from their previous forecast of $4.69. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. National Bank Financial also issued estimates for Ag Growth International’s Q4 2024 earnings at $1.74 EPS and FY2025 earnings at $4.39 EPS.

A number of other research analysts have also recently weighed in on AFN. Royal Bank of Canada dropped their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. TD Securities dropped their price target on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Raymond James downgraded Ag Growth International from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$72.00 to C$62.00 in a research report on Friday, October 18th. Finally, CIBC decreased their price objective on Ag Growth International from C$75.00 to C$70.00 in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and an average price target of C$74.38.

Ag Growth International Stock Performance

TSE:AFN opened at C$52.23 on Monday. Ag Growth International has a twelve month low of C$45.96 and a twelve month high of C$64.51. The company has a market capitalization of C$996.03 million, a P/E ratio of 34.36, a price-to-earnings-growth 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. The firm has a 50-day moving average price of C$52.28 and a two-hundred day moving average price of C$52.34.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, September 27th. Ag Growth International’s dividend payout ratio (DPR) is 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.