Q3 Earnings Forecast for TSE:AFN Issued By Desjardins

Ag Growth International Inc. (TSE:AFN) – Research analysts at Desjardins issued their Q3 2024 earnings per share (EPS) estimates for shares of Ag Growth International in a note issued to investors on Sunday, October 20th. Desjardins analyst G. Ho forecasts that the company will post earnings per share of $1.39 for the quarter. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Desjardins also issued estimates for Ag Growth International’s FY2024 earnings at $5.51 EPS and FY2026 earnings at $6.15 EPS.

Several other research analysts have also commented on the company. TD Securities decreased their target price 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. CIBC decreased their target price on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating for the company in a research report on Wednesday, October 16th. Finally, Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$72.00 to C$62.00 in a research report on Friday, October 18th. One research 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, Ag Growth International currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.67.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$48.48 on Wednesday. The firm has a market cap of C$924.51 million, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The business has a 50 day moving average price of C$53.49 and a two-hundred day moving average price of C$53.39. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$1.42 earnings per share 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 business had revenue of C$351.78 million for the quarter, compared to analyst estimates of C$397.51 million.

Ag Growth International Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. Ag Growth International’s dividend payout ratio is currently 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.