Ag Growth International Inc. (TSE:AFN) to Issue $0.15 Quarterly Dividend

Ag Growth International Inc. (TSE:AFN) announced a quarterly dividend on Tuesday, September 17th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.15 per share on Tuesday, October 15th. This represents a $0.60 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, September 27th.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$54.04 on Wednesday. The company has a market capitalization of C$1.03 billion, a P/E ratio of 35.55, a PEG ratio of 1.30 and a beta of 2.31. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The stock has a 50 day moving average price of C$54.56 and a two-hundred day moving average price of C$54.87.

Ag Growth International (TSE:AFN) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. The firm had revenue of C$351.78 million for the quarter, compared to analysts’ expectations of C$397.51 million. Analysts expect that Ag Growth International will post 6.6608696 earnings per share for the current year.

Analysts Set New Price Targets

Separately, TD Securities cut their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$77.56.

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.