Adecoagro (NYSE:AGRO) Announces Quarterly Earnings Results, Misses Estimates By $0.41 EPS

Adecoagro (NYSE:AGRO) announced 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), Zacks reports. Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. The business had revenue of $538.50 million during the quarter, compared to analyst estimates of $602.01 million.

Adecoagro Trading Down 2.2%

Adecoagro stock traded down $0.27 during mid-day trading on Friday, hitting $11.56. 294,984 shares of the company’s stock were exchanged, compared to its average volume of 1,061,398. The company’s 50 day simple moving average is $10.62 and its 200-day simple moving average is $11.65. The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.65 billion, a P/E ratio of 35.00 and a beta of -0.01. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $15.89.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AGRO. JPMorgan Chase & Co. upped their target price on shares of Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research report on Monday, June 15th. UBS Group decreased their price objective on Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a research note on Thursday, August 27th. Santander assumed coverage on Adecoagro in a report on Monday. They issued a “neutral” rating for the company. Finally, Weiss Ratings cut Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $11.62.

About Adecoagro

Adecoagro SA is an agribusiness company that produces agricultural, dairy and renewable-energy products in South America. Its operations are primarily located in Argentina, Brazil and Uruguay, where it manages farmland and related processing facilities.

The company cultivates crops such as soybeans, corn, wheat, rice, peanuts and cotton. Adecoagro also operates dairy businesses and produces sugar, ethanol and electricity from sugarcane, with cogeneration facilities that use biomass to generate renewable power.

Founded in 2002, Adecoagro has developed an integrated model that combines farming, food processing and renewable-energy production.