Adecoagro (NYSE:AGRO) Announces Quarterly Earnings Results, Misses Expectations By $0.41 EPS

Adecoagro (NYSE:AGRO) announced its quarterly earnings data on Saturday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.41), Zacks reports. The business had revenue of $538.50 million for the quarter, compared to analysts’ expectations of $602.01 million. Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%.

Adecoagro Stock Down 3.4%

Shares of Adecoagro stock traded down $0.35 on Monday, reaching $10.07. 713,851 shares of the company were exchanged, compared to its average volume of 1,047,326. The stock’s 50 day moving average price is $10.70 and its 200-day moving average price is $11.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.89. Adecoagro has a 1-year low of $6.89 and a 1-year high of $15.89. The company has a market cap of $1.44 billion, a P/E ratio of 30.53 and a beta of -0.01.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Santander assumed coverage on shares of Adecoagro in a research note on Monday, September 14th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research report on Monday, June 15th. UBS Group cut their target price on Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a research note on Thursday, August 27th. Finally, Weiss Ratings downgraded Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $11.62.

Adecoagro Company Profile

Adecoagro SA is an agribusiness company that produces agricultural, dairy and renewable-energy products in South America. Its operations are primarily located in Argentina, Brazil and Uruguay, where it manages farmland and related processing facilities.

The company cultivates crops such as soybeans, corn, wheat, rice, peanuts and cotton. Adecoagro also operates dairy businesses and produces sugar, ethanol and electricity from sugarcane, with cogeneration facilities that use biomass to generate renewable power.

Founded in 2002, Adecoagro has developed an integrated model that combines farming, food processing and renewable-energy production.