Equities Analysts Set Expectations for AGT Food and Ingredients Inc’s Q1 2017 Earnings (AGT)
AGT Food and Ingredients Inc (TSE:AGT) – Equities research analysts at Raymond James Financial issued their Q1 2017 earnings per share (EPS) estimates for AGT Food and Ingredients in a report released on Tuesday. Raymond James Financial analyst S. Hansen forecasts that the brokerage will earn $0.71 per share for the quarter. Raymond James Financial also issued estimates for AGT Food and Ingredients’ Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.67 EPS, Q4 2017 earnings at $1.05 EPS, FY2017 earnings at $3.05 EPS and FY2018 earnings at $3.27 EPS.
AGT has been the topic of a number of other reports. CIBC lifted their target price on shares of AGT Food and Ingredients from C$39.00 to C$45.00 in a research note on Friday, June 24th. AltaCorp Capital reduced their target price on shares of AGT Food and Ingredients from C$46.50 to C$46.00 and set an “outperform” rating on the stock in a research note on Monday, June 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$42.60.
AGT Food and Ingredients (TSE:AGT) traded up 1.15% during mid-day trading on Wednesday, reaching $38.60. 24,334 shares of the company were exchanged. AGT Food and Ingredients has a 1-year low of $27.81 and a 1-year high of $42.16. The company has a 50 day moving average of $37.13 and a 200-day moving average of $36.71. The company has a market capitalization of $923.62 million and a price-to-earnings ratio of 25.00.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Tuesday, October 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Wednesday, September 28th.
AGT Food and Ingredients Company Profile
AGT Food and Ingredients Inc (AGT), formerly Alliance Grain Traders Inc, is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey.
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