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

Ag Growth International Price Performance

Ag Growth International stock opened at C$60.09 on Friday. Ag Growth International has a 12-month low of C$47.07 and a 12-month high of C$64.51. The stock 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 firm’s 50-day moving average is C$60.72 and its two-hundred day moving average is C$55.28. The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84.

Ag Growth International Dividend Announcement

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

Analyst Upgrades and Downgrades

AFN has been the topic of several research analyst reports. Raymond James raised their target price on shares of Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. TD Securities raised their target price on shares of Ag Growth International from C$75.00 to C$83.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. CIBC raised their target price on shares of Ag Growth International from C$78.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their target price on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Finally, National Bankshares raised their price target on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Buy” and an average 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.