National Bank Financial Weighs in on TSE:AFN FY2024 Earnings

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at National Bank Financial lowered their FY2024 EPS estimates for Ag Growth International in a research report issued to clients and investors on Monday, January 13th. National Bank Financial analyst M. Sytchev now expects that the company will earn $3.86 per share for the year, down from their previous estimate of $4.60. 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 $0.79 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.06 EPS, FY2025 earnings at $3.32 EPS and FY2026 earnings at $4.42 EPS.

Several other equities research analysts have also recently commented on AFN. ATB Capital cut Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$79.00 to C$63.00 in a research note on Tuesday. CIBC dropped their price objective on shares of Ag Growth International from C$72.00 to C$61.00 in a research note on Tuesday. Royal Bank of Canada reduced their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Raymond James dropped their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. Finally, TD Securities reduced their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$67.25.

Ag Growth International Stock Down 4.3 %

AFN opened at C$39.78 on Thursday. The business has a 50 day moving average price of C$51.55 and a two-hundred day moving average price of C$52.70. Ag Growth International has a 52 week low of C$39.69 and a 52 week high of C$64.51. The company has a market cap of C$758.60 million, a PE ratio of 26.17, a P/E/G ratio of 1.30 and a beta of 2.29. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.51%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s 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.