FY2024 Earnings Estimate for TSE:AFN Issued By Raymond James

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at Raymond James cut their FY2024 earnings per share estimates for shares of Ag Growth International in a research report issued to clients and investors on Thursday, November 7th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $5.20 per share for the year, down from their previous forecast of $6.42. Raymond James has a “Market Perform” rating and a $62.00 price objective on the stock. 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 $2.13 EPS and FY2025 earnings at $5.71 EPS.

AFN has been the topic of a number of other reports. CIBC reduced their price objective on shares of Ag Growth International from C$75.00 to C$70.00 in a report on Thursday, November 7th. Royal Bank of Canada cut their price target on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Finally, TD Securities lowered their price objective 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$74.38.

Ag Growth International Trading Down 0.3 %

AFN opened at C$52.23 on Monday. The business has a fifty day moving average price of C$52.28 and a 200 day moving average price of C$52.34. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. Ag Growth International has a 12 month low of C$45.96 and a 12 month high of C$64.51. The stock has a market capitalization of C$996.03 million, a price-to-earnings ratio of 34.36, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

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