Equities Analysts Set Expectations for AGT Food and Ingredients Inc’s Q1 2017 Earnings (AGT)
AGT Food and Ingredients Inc (TSE:AGT) – Research analysts at Raymond James Financial issued their Q1 2017 earnings estimates for AGT Food and Ingredients in a research report issued to clients and investors on Tuesday. Raymond James Financial analyst S. Hansen anticipates that the brokerage will post earnings of $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.
Other equities research analysts also recently issued reports about the stock. CIBC raised 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 lowered their target price on shares of AGT Food and Ingredients from C$46.50 to C$46.00 and set an “outperform” rating for the company in a research note on Monday, June 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$42.60.
Shares of AGT Food and Ingredients (TSE:AGT) traded up 1.15% during midday trading on Wednesday, hitting $38.60. 24,334 shares of the stock were exchanged. AGT Food and Ingredients has a 12 month low of $27.81 and a 12 month high of $42.16. The stock has a market cap of $923.62 million and a price-to-earnings ratio of 25.00. The firm’s 50-day moving average is $37.13 and its 200-day moving average is $36.71.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Shareholders of record on Tuesday, October 11th were issued a $0.15 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%.
About AGT Food and Ingredients
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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