Adecoagro (NYSE:AGRO) Issues Quarterly Earnings Results

Adecoagro (NYSE:AGRO) issued its earnings results on Saturday, August 8th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41), Zacks reports. The company had revenue of $538.50 million during the quarter, compared to the consensus estimate of $602.01 million. Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%.

Adecoagro Stock Up 1.6%

AGRO traded up $0.18 during trading on Friday, hitting $11.78. The stock had a trading volume of 568,513 shares, compared to its average volume of 967,745. The stock has a 50 day simple moving average of $10.22 and a two-hundred day simple moving average of $11.44. 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 has a twelve month low of $6.89 and a twelve month high of $15.89. The company has a market capitalization of $1.68 billion, a PE ratio of 35.70 and a beta of -0.01.

Wall Street Analysts Forecast Growth

AGRO has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a 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 report on Thursday, August 27th. Finally, Weiss Ratings lowered shares of Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Adecoagro has an average rating of “Reduce” and a consensus target price of $11.62.

Institutional Trading of Adecoagro

Institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its stake in Adecoagro by 86.5% during the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after buying an additional 212,685 shares during the last quarter. Ghisallo Capital Management LLC purchased a new stake in Adecoagro in the fourth quarter valued at about $2,987,000. Ameriprise Financial Inc. raised its stake in Adecoagro by 32.3% in the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock valued at $3,385,000 after buying an additional 90,518 shares during the last quarter. HRT Financial LP boosted its holdings in Adecoagro by 13.4% in the fourth quarter. HRT Financial LP now owns 312,828 shares of the company’s stock worth $2,480,000 after acquiring an additional 36,857 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Adecoagro by 49.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 286,815 shares of the company’s stock worth $2,274,000 after acquiring an additional 94,297 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.