Cosan (NYSE:CSAN) Releases Quarterly Earnings Results

Cosan (NYSE:CSAN) posted its quarterly earnings results on Thursday. The company reported ($0.32) earnings per share (EPS) for the quarter, FiscalAI reports. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.95%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.55 billion.

Cosan Price Performance

NYSE:CSAN traded down $0.27 during mid-day trading on Friday, hitting $3.43. 5,249,437 shares of the stock traded hands, compared to its average volume of 1,772,910. The business’s 50-day moving average price is $4.13 and its 200 day moving average price is $4.39. The company has a market cap of $3.40 billion, a PE ratio of -1.22 and a beta of 0.82. Cosan has a 12-month low of $3.30 and a 12-month high of $6.25. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01.

Hedge Funds Weigh In On Cosan

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Cosan during the fourth quarter valued at approximately $46,000. Boothbay Fund Management LLC purchased a new position in Cosan during the fourth quarter valued at approximately $55,000. EFG International AG purchased a new position in Cosan in the 4th quarter worth approximately $79,000. Russell Investments Group Ltd. purchased a new position in Cosan in the 2nd quarter worth approximately $109,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Cosan in the 4th quarter worth approximately $132,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cosan presently has an average rating of “Reduce” and a consensus price target of $4.75.

Cosan Company Profile

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.