National Bank Financial Comments on Ag Growth International Inc’s FY2020 Earnings (TSE:AFN)

Ag Growth International Inc (TSE:AFN) – National Bank Financial reduced their FY2020 EPS estimates for Ag Growth International in a note issued to investors on Tuesday, September 24th, Zacks Investment Research reports. National Bank Financial analyst G. Colman now anticipates that the company will post earnings of $3.66 per share for the year, down from their previous estimate of $3.70. National Bank Financial has a “Outperform” rating and a $63.00 price objective on the stock.

Ag Growth International (TSE:AFN) last released its earnings results on Thursday, August 8th. The company reported C$1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.05 by C($0.01). The business had revenue of C$291.94 million during the quarter, compared to analysts’ expectations of C$293.69 million.

Several other research analysts have also weighed in on the company. TD Securities lowered their price target on Ag Growth International from C$73.00 to C$63.00 and set an “action list buy” rating on the stock in a research report on Wednesday. Royal Bank of Canada lowered their price target on Ag Growth International from C$65.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. CIBC lowered their price target on Ag Growth International from C$71.00 to C$61.00 in a research report on Friday, August 9th. Finally, Raymond James lowered their price target on Ag Growth International from C$70.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$61.40.

TSE AFN traded up C$0.44 during trading on Friday, hitting C$40.16. The stock had a trading volume of 83,500 shares, compared to its average volume of 65,911. The company has a market capitalization of $753.61 million and a PE ratio of 20.96. Ag Growth International has a 12 month low of C$37.93 and a 12 month high of C$63.11. The company’s 50-day moving average price is C$42.75 and its two-hundred day moving average price is C$51.80. The company has a debt-to-equity ratio of 182.34, a quick ratio of 0.95 and a current ratio of 1.97.

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Wednesday, October 30th. Ag Growth International’s dividend payout ratio (DPR) is 125.26%.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

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Earnings History and Estimates for Ag Growth International (TSE:AFN)

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