Adecoagro (NYSE:AGRO) Releases Earnings Results, Misses Expectations By $0.21 EPS

Adecoagro (NYSE:AGRO) announced its quarterly earnings data on Wednesday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21), Zacks reports. Adecoagro had a net margin of 4.38% and a return on equity of 0.30%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $674.76 million.

Adecoagro Stock Performance

AGRO stock opened at $8.48 on Friday. The firm has a 50 day simple moving average of $10.37 and a 200 day simple moving average of $10.99. Adecoagro has a 52 week low of $6.89 and a 52 week high of $15.89. The stock has a market cap of $1.21 billion, a P/E ratio of 14.61 and a beta of 0.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.73.

Adecoagro Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be issued a dividend of $0.1213 per share. This represents a dividend yield of 267.0%. The ex-dividend date is Thursday, November 5th. Adecoagro’s dividend payout ratio (DPR) is currently 72.73%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group cut their target price on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adecoagro in a research report on Monday, October 12th. Finally, Santander assumed coverage on Adecoagro in a report on Monday, September 14th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $11.62.

About Adecoagro

Adecoagro is a South American agribusiness company that produces food and renewable energy. Its operations span farming, dairy, rice, and sugar and ethanol production. The company grows crops such as soybeans, corn, and wheat, and produces rice and milk. In Brazil, it processes sugarcane into sugar, ethanol, and renewable electricity. Adecoagro operates in Argentina, Brazil, and Uruguay. Founded in 2002, it combines agricultural production with processing and energy generation across its regional operations.