Cormark Expects Lower Earnings for Ag Growth International

Ag Growth International Inc. (TSE:AFN) – Equities researchers at Cormark reduced their FY2025 earnings per share (EPS) estimates for Ag Growth International in a note issued to investors on Monday, March 10th. Cormark analyst K. Mcphee now anticipates that the company will earn $4.20 per share for the year, down from their previous estimate of $5.32. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share.

AFN has been the topic of a number of other research reports. TD Securities lowered their target price on shares of Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating on the stock in a report on Tuesday. Royal Bank of Canada dropped their target price on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. ATB Capital lowered their price target on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Desjardins lowered their target price on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$50.25.

Ag Growth International Price Performance

Shares of AFN opened at C$36.17 on Thursday. The business’s fifty day moving average is C$39.56 and its 200 day moving average is C$48.01. Ag Growth International has a 12-month low of C$31.60 and a 12-month high of C$64.31. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$691.31 million, a P/E ratio of 28.88, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s dividend payout ratio is currently 47.90%.

Insider Buying and Selling

In related news, Director Anne De Greef-Safft bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of C$36.99 per share, for a total transaction of C$73,985.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of Ag Growth International stock in a transaction dated Friday, March 7th. The stock was bought at an average price of C$36.01 per share, with a total value of C$144,040.00. In the last quarter, insiders have purchased 12,000 shares of company stock valued at $436,101. 1.06% of the stock is owned by company insiders.

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.