FY2024 Earnings Forecast for TSE:AFN Issued By Raymond James

Ag Growth International Inc. (TSE:AFN) – Stock analysts at Raymond James decreased their FY2024 earnings estimates for shares of Ag Growth International in a research report issued to clients and investors on Tuesday, January 14th. Raymond James analyst S. Hansen now forecasts that the company will earn $4.39 per share for the year, down from their previous estimate of $5.20. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Raymond James also issued estimates for Ag Growth International’s Q4 2024 earnings at $1.32 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.84 EPS, Q4 2025 earnings at $1.64 EPS and FY2025 earnings at $3.90 EPS.

AFN has been the topic of a number of other research reports. CIBC reduced their price objective on Ag Growth International from C$72.00 to C$61.00 in a research report on Tuesday. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday. TD Securities lowered their price target on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada cut their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Finally, ATB Capital downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$79.00 to C$63.00 in a research note on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.25.

Ag Growth International Trading Down 2.1 %

Shares of Ag Growth International stock opened at C$38.96 on Friday. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. The stock’s 50 day simple moving average is C$51.28 and its 200-day simple moving average is C$52.61. The stock has a market cap of C$742.97 million, a P/E ratio of 25.63, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$38.93 and a 1-year high of C$64.51.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.54%. Ag Growth International’s dividend payout ratio (DPR) is currently 39.47%.

About Ag Growth International

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.