Analysts expect Adecoagro SA (NYSE:AGRO) to report $0.11 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Adecoagro’s earnings. Adecoagro reported earnings per share of $0.06 during the same quarter last year, which suggests a positive year over year growth rate of 83.3%. The firm is expected to issue its next quarterly earnings report on Monday, May 13th.
According to Zacks, analysts expect that Adecoagro will report full-year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.42. For the next fiscal year, analysts expect that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.13 to $0.68. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Adecoagro.
Several research firms have weighed in on AGRO. Zacks Investment Research upgraded Adecoagro from a “sell” rating to a “hold” rating in a report on Monday, April 1st. ValuEngine upgraded shares of Adecoagro from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Citigroup initiated coverage on shares of Adecoagro in a report on Tuesday, December 18th. They set a “neutral” rating for the company. Finally, Morgan Stanley downgraded shares of Adecoagro from an “overweight” rating to an “equal weight” rating and set a $10.00 price target for the company. in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.67.
A number of institutional investors have recently modified their holdings of the business. United Services Automobile Association lifted its position in Adecoagro by 196.7% in the 3rd quarter. United Services Automobile Association now owns 276,333 shares of the company’s stock valued at $2,031,000 after acquiring an additional 183,194 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Adecoagro in the 3rd quarter valued at approximately $2,212,000. Allianz Asset Management GmbH purchased a new position in Adecoagro in the 3rd quarter valued at approximately $212,000. Citadel Advisors LLC purchased a new position in Adecoagro in the 3rd quarter valued at approximately $448,000. Finally, Jane Street Group LLC purchased a new position in Adecoagro in the 3rd quarter valued at approximately $141,000. Hedge funds and other institutional investors own 43.45% of the company’s stock.
Shares of AGRO traded down $0.06 during mid-day trading on Wednesday, reaching $6.93. The stock had a trading volume of 900 shares, compared to its average volume of 456,021. The firm has a market cap of $842.51 million, a P/E ratio of 8.92 and a beta of 0.57. Adecoagro has a 12 month low of $6.34 and a 12 month high of $9.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.38 and a quick ratio of 1.58.
Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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