Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Issues Quarterly Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) released its quarterly earnings data on Tuesday. The company reported $0.36 EPS for the quarter, Zacks reports. The business had revenue of $214.02 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 23.88% and a return on equity of 10.13%.

Cresud S.A.C.I.F. y A. Price Performance

Cresud S.A.C.I.F. y A. stock opened at $12.66 on Thursday. The stock has a market cap of $799.86 million, a price-to-earnings ratio of 4.28 and a beta of 0.93. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $12.33 and a 200 day simple moving average of $11.15. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.21.

Cresud S.A.C.I.F. y A. Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were paid a dividend of $0.6293 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 531.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is currently 20.61%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. VR Advisory Services Ltd increased its holdings in shares of Cresud S.A.C.I.F. y A. by 113.0% in the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after buying an additional 470,365 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Cresud S.A.C.I.F. y A. by 234.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock valued at $1,444,000 after acquiring an additional 80,213 shares during the last quarter. Sei Investments Co. increased its stake in Cresud S.A.C.I.F. y A. by 66.2% in the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after acquiring an additional 39,488 shares during the last quarter. Centiva Capital LP purchased a new stake in Cresud S.A.C.I.F. y A. during the third quarter valued at about $163,000. Finally, Virtu Financial LLC bought a new stake in Cresud S.A.C.I.F. y A. during the third quarter worth about $144,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRESY. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Monday, December 29th. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Company Profile

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.