Adecoagro S.A. (AGRO) Issues Earnings Results, Misses Estimates By $0.13 EPS

Adecoagro S.A. (NYSE:AGRO) issued its quarterly earnings data on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.13), Yahoo Finance reports. Adecoagro had a net margin of 2.80% and a return on equity of 4.05%.

Adecoagro (NYSE AGRO) opened at $9.33 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.81. Adecoagro has a fifty-two week low of $9.27 and a fifty-two week high of $13.29. The stock has a market cap of $1,133.87, a P/E ratio of 42.46 and a beta of 1.07.

Separately, BidaskClub upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd.

An institutional investor recently raised its position in Adecoagro stock. Vanguard Group Inc. grew its position in shares of Adecoagro S.A. (NYSE:AGRO) by 46.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,113 shares of the company’s stock after purchasing an additional 6,700 shares during the quarter. Vanguard Group Inc.’s holdings in Adecoagro were worth $211,000 as of its most recent SEC filing. 46.85% of the stock is owned by hedge funds and other institutional investors.

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Adecoagro Company Profile

Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.

Earnings History for Adecoagro (NYSE:AGRO)

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