Adecoagro (NYSE:AGRO) Issues Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Adecoagro (NYSE:AGRO) released its earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21), Zacks reports. Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.

Adecoagro Stock Up 1.3%

Shares of Adecoagro stock traded up $0.12 during trading hours on Wednesday, reaching $9.04. 594,172 shares of the company’s stock were exchanged, compared to its average volume of 979,969. The company has a 50 day moving average of $10.49 and a two-hundred day moving average of $10.99. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $15.89. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.29 billion, a P/E ratio of 27.41 and a beta of 0.01.

Adecoagro Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.1213 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a yield of 267.0%. Adecoagro’s payout ratio is 72.73%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a report on Monday, October 12th. UBS Group cut their target price on Adecoagro from $15.20 to $13.20 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Finally, Santander began coverage on Adecoagro in a research report on Monday, September 14th. They set a “neutral” rating for the company. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Adecoagro currently has a consensus rating of “Reduce” and a consensus target price of $11.62.

Adecoagro Company Profile

Adecoagro is a South American agribusiness company that produces food and renewable energy. Its operations span farming, dairy, rice, and sugar and ethanol production. The company grows crops such as soybeans, corn, and wheat, and produces rice and milk. In Brazil, it processes sugarcane into sugar, ethanol, and renewable electricity. Adecoagro operates in Argentina, Brazil, and Uruguay. Founded in 2002, it combines agricultural production with processing and energy generation across its regional operations.