Ag Growth International (AFN) to Release Earnings on Monday

Ag Growth International (TSE:AFN) will announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of C$0.65 per share for the quarter.

Ag Growth International (TSE:AFN) last released its earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share for the quarter, beating the consensus estimate of C$1.08 by C$0.62. The company had revenue of C$379.32 million for the quarter, compared to analysts’ expectations of C$414.68 million. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%.

Ag Growth International Trading Down 1.2 %

Shares of TSE AFN opened at C$60.09 on Friday. The stock has a market cap of C$1.14 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.30 and a beta of 2.32. The business has a 50 day simple moving average of C$60.72 and a 200 day simple moving average of C$55.28. Ag Growth International has a 52 week low of C$47.07 and a 52 week high of C$64.51. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21.

Ag Growth International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Ag Growth International’s payout ratio is 17.44%.

Analyst Ratings Changes

Several equities research analysts recently commented on AFN shares. Raymond James boosted their price target on 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. Desjardins boosted their price target on Ag Growth International from C$82.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. TD Securities upped their target price on Ag Growth International from C$75.00 to C$83.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. National Bankshares upped their target price on Ag Growth International from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, ATB Capital upped their target price on Ag Growth International from C$81.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$81.44.

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.