Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Announces Earnings Results

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) issued its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative return on equity of 0.84% and a negative net margin of 1.81%.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

LND opened at $3.79 on Friday. The firm has a market capitalization of $389.16 million, a PE ratio of -126.29 and a beta of 0.04. Brasilagro Cia Brasileira De Propriedades Agricolas has a twelve month low of $3.46 and a twelve month high of $4.45. The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $3.67 and its 200 day moving average price is $3.84.

Wall Street Analysts Forecast Growth

LND has been the subject of a number of recent analyst reports. Wall Street Zen cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Insiders Place Their Bets

In related news, Director Alejandro Gustavo Elsztain purchased 14,500 shares of the company’s stock in a transaction on Monday, June 29th. The stock was acquired at an average cost of $3.58 per share, for a total transaction of $51,910.00. Following the completion of the transaction, the director directly owned 655,870 shares in the company, valued at approximately $2,348,014.60. The trade was a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

An institutional investor recently bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. EverSource Wealth Advisors LLC acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,580 shares of the company’s stock, valued at approximately $37,000. 1.15% of the stock is currently owned by institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.