Adecoagro (AGRO) to Release Quarterly Earnings on Thursday

Adecoagro (NYSE:AGRO) will likely be announcing its earnings results before the market opens on Thursday, May 15th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $281.19 million for the quarter.

Adecoagro Stock Down 1.5%

AGRO stock opened at $8.82 on Tuesday. The company has a 50 day moving average price of $10.56 and a two-hundred day moving average price of $10.42. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The stock has a market capitalization of $881.44 million, a P/E ratio of 5.88, a PEG ratio of 1.43 and a beta of 0.74. Adecoagro has a one year low of $8.45 and a one year high of $12.08.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a $0.175 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s dividend payout ratio (DPR) is 39.33%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley downgraded Adecoagro from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $13.00 to $10.00 in a report on Monday, April 28th. Bank of America lowered Adecoagro from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $10.80 in a research note on Friday, April 25th. UBS Group cut their price objective on Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and an average target price of $10.55.

Adecoagro Company Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.