Adecoagro S.A. (AGRO) to Distribute Dividend of $0.12 on November 19th

Adecoagro S.A. (NYSE:AGRO) announced a dividend on Monday, October 26th. Investors of record on Thursday, November 5th will be paid a dividend of $0.1213 per share on Thursday, November 19th. This represents a dividend yield of 242.0%. The ex-dividend date is Thursday, November 5th.

Adecoagro has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Adecoagro to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 18.2%.

Adecoagro Stock Down 1.2%

Shares of NYSE:AGRO opened at $9.57 on Tuesday. The firm has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $10.98. Adecoagro has a 52 week low of $6.89 and a 52 week high of $15.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.73. The company has a market cap of $1.37 billion, a PE ratio of 29.02 and a beta of -0.02.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Saturday, August 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%. The firm had revenue of $538.50 million for the quarter, compared to analysts’ expectations of $602.01 million. As a group, research analysts expect that Adecoagro will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AGRO. UBS Group lowered their price target on Adecoagro from $15.20 to $13.20 and set a “buy” rating on the stock in a report on Thursday, August 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a research note on Monday, October 12th. Finally, Santander initiated coverage on Adecoagro in a research note on Monday, September 14th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $11.62.

Adecoagro Company Profile

Adecoagro SA is an agricultural and agroindustrial company focused on producing, processing and marketing food, agricultural commodities and renewable energy products in South America. The company operates an integrated business model that combines farming, livestock activities and industrial processing.

Adecoagro’s activities include the cultivation of grains, oilseeds, rice, sugarcane and other crops, as well as dairy production. Its processing operations produce products such as rice, sugar and ethanol, while sugarcane-based facilities also generate electricity through cogeneration.