Adecoagro (NYSE:AGRO) Releases Earnings Results, Misses Estimates By $0.49 EPS

Adecoagro (NYSE:AGRO) announced its quarterly earnings data on Monday. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.49), FiscalAI reports. The business had revenue of $419.45 million for the quarter, compared to the consensus estimate of $408.94 million. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%.

Adecoagro Trading Up 2.8%

NYSE AGRO traded up $0.37 on Monday, reaching $13.50. The company had a trading volume of 934,168 shares, compared to its average volume of 1,277,063. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -168.74 and a beta of -0.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $15.89. The business has a 50 day moving average of $12.80 and a two-hundred day moving average of $9.82.

Adecoagro Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, May 4th will be issued a $0.1213 dividend. This represents a yield of 160.0%. The ex-dividend date is Monday, May 4th. Adecoagro’s dividend payout ratio is presently -300.00%.

Insider Buying and Selling

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the sale, the chief executive officer owned 897,249 shares in the company, valued at approximately $13,010,110.50. The trade was a 10.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 106,815 shares of company stock worth $1,540,799. 6.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its position in shares of Adecoagro by 4.3% in the 4th quarter. Principal Securities Inc. now owns 44,530 shares of the company’s stock worth $353,000 after purchasing an additional 1,851 shares during the period. State of Wyoming raised its stake in Adecoagro by 44.9% during the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares during the last quarter. Orion Porfolio Solutions LLC bought a new position in Adecoagro during the fourth quarter worth $88,000. Verition Fund Management LLC lifted its holdings in Adecoagro by 17.0% in the fourth quarter. Verition Fund Management LLC now owns 97,741 shares of the company’s stock valued at $775,000 after buying an additional 14,224 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Adecoagro during the fourth quarter valued at $123,000. Institutional investors own 45.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AGRO shares. Wall Street Zen upgraded Adecoagro from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $9.50 to $13.00 in a research note on Tuesday, March 17th. Weiss Ratings raised shares of Adecoagro from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $16.20 in a research report on Monday, March 30th. Finally, Zacks Research downgraded shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.53.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.