Q4 Earnings Forecast for TSE:AFN Issued By Atb Cap Markets

Ag Growth International Inc. (TSE:AFN) – Equities researchers at Atb Cap Markets cut their Q4 2024 earnings per share (EPS) estimates for shares of Ag Growth International in a report issued on Tuesday, January 14th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $1.19 per share for the quarter, down from their prior forecast of $1.97. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Atb Cap Markets also issued estimates for Ag Growth International’s Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $1.14 EPS, Q3 2026 earnings at $1.59 EPS, Q4 2026 earnings at $1.44 EPS and FY2026 earnings at $5.50 EPS.

A number of other equities analysts also recently commented on AFN. ATB Capital downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$79.00 to C$63.00 in a report on Tuesday. CIBC decreased their price target on shares of Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday. Raymond James dropped their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. TD Securities cut their target price on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada lowered their target price on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Three research 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 an average target price of C$67.25.

Ag Growth International Trading Up 4.5 %

Shares of TSE AFN opened at C$40.70 on Friday. The stock has a market capitalization of C$776.15 million, a P/E ratio of 26.78, a PEG ratio of 1.30 and a beta of 2.29. The stock’s 50 day moving average price is C$51.01 and its two-hundred day moving average price is C$52.51. 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 52-week low of C$38.62 and a 52-week high of C$64.51.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. Ag Growth International’s payout ratio 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.