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

Adecoagro (NYSE:AGRO) announced its earnings results on Tuesday. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41), Zacks reports. Adecoagro had a net margin of 3.03% and a negative return on equity of 0.39%. The company had revenue of $538.50 million for the quarter, compared to analyst estimates of $602.01 million.

Adecoagro Trading Down 2.2%

Shares of NYSE AGRO traded down $0.20 on Thursday, reaching $9.09. 447,123 shares of the company traded hands, compared to its average volume of 1,081,282. Adecoagro has a fifty-two week low of $6.89 and a fifty-two week high of $15.89. The company has a 50 day moving average of $10.08 and a 200 day moving average of $11.22. The company has a current ratio of 1.74, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.30 billion, a PE ratio of 27.50 and a beta of -0.04.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AGRO shares. Weiss Ratings cut Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on shares of Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $12.12.

Institutional Investors Weigh In On Adecoagro

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Adecoagro during the fourth quarter worth approximately $147,000. Tudor Investment Corp ET AL grew its stake in shares of Adecoagro by 134.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 88,132 shares of the company’s stock valued at $699,000 after buying an additional 50,464 shares during the period. Polymer Capital Management US LLC acquired a new stake in shares of Adecoagro during the 4th quarter worth $939,000. Quadrature Capital Ltd acquired a new stake in shares of Adecoagro during the 4th quarter worth $123,000. Finally, Millennium Management LLC raised its position in shares of Adecoagro by 240.9% in the 4th quarter. Millennium Management LLC now owns 276,376 shares of the company’s stock worth $2,192,000 after buying an additional 195,308 shares during the period. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

About Adecoagro

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.