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

Adecoagro (NYSE:AGRO – Get Free Report) 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. Adecoagro had a net margin of 3.03% and a negative return on equity of 0.38%. The firm had revenue of $538.50 million during the quarter, compared to analysts’ expectations of $602.01 million.

Adecoagro Trading Down 3.4%

Shares of Adecoagro stock opened at $10.07 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average price is $10.69 and its 200 day moving average price is $11.70. Adecoagro has a twelve month low of $6.89 and a twelve month high of $15.89. The firm has a market capitalization of $1.44 billion, a PE ratio of 30.53 and a beta of -0.01.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on Adecoagro

About Adecoagro

(Get Free Report)

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.

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Earnings History for Adecoagro (NYSE:AGRO)

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