Ag Growth International Inc (TSE:AFN) – Equities research analysts at National Bank Financial cut their Q4 2019 earnings per share (EPS) estimates for Ag Growth International in a report released on Monday, October 14th. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.34 per share for the quarter, down from their prior forecast of $0.46. National Bank Financial has a “Outperform” rating and a $61.00 price objective on the stock. National Bank Financial also issued estimates for Ag Growth International’s FY2020 earnings at $3.47 EPS.
Ag Growth International (TSE:AFN) last issued its earnings results on Thursday, August 8th. The company reported C$1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.05 by C($0.01). The firm had revenue of C$291.94 million during the quarter, compared to analyst estimates of C$293.69 million.
A number of other analysts have also recently issued reports on the company. TD Securities decreased their target price on Ag Growth International from C$73.00 to C$63.00 and set an “action list buy” rating for the company in a report on Wednesday, October 9th. Raymond James decreased their target price on Ag Growth International from C$70.00 to C$62.00 and set an “outperform” rating for the company in a report on Monday, August 12th. CIBC decreased their target price on Ag Growth International from C$71.00 to C$61.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada decreased their target price on Ag Growth International from C$65.00 to C$58.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$61.00.
Shares of TSE:AFN opened at C$39.68 on Wednesday. The company has a debt-to-equity ratio of 182.34, a quick ratio of 0.95 and a current ratio of 1.97. Ag Growth International has a 1 year low of C$37.93 and a 1 year high of C$63.11. The stock has a market capitalization of $739.25 million and a P/E ratio of 20.71. The stock has a 50-day simple moving average of C$42.56 and a 200-day simple moving average of C$51.38.
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 issued a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date is Wednesday, October 30th. Ag Growth International’s dividend payout ratio is presently 125.26%.
About Ag Growth International
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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