Ag Growth International (AFN) Set to Announce Earnings on Monday

Ag Growth International (TSE:AFN) will announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of C$0.65 per share for the quarter.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.62. The company had revenue of C$379.32 million for the quarter, compared to analyst estimates of C$414.68 million. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%.

Ag Growth International Price Performance

AFN stock opened at C$60.09 on Friday. The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84. The firm has a market capitalization of C$1.14 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.30 and a beta of 2.32. The business’s 50-day moving average is C$60.72 and its two-hundred day moving average is C$55.27. Ag Growth International has a 1 year low of C$47.07 and a 1 year high of C$64.51.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. Ag Growth International’s payout ratio is currently 17.44%.

Analyst Ratings Changes

A number of research analysts recently issued reports on AFN shares. CIBC raised their price target on Ag Growth International from C$78.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. TD Securities raised their price target on Ag Growth International from C$75.00 to C$83.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Desjardins raised their price target on Ag Growth International from C$82.00 to C$85.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Raymond James raised their price target on Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, ATB Capital lifted their target price on Ag Growth International from C$81.00 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$81.44.

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.