Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Posts Earnings Results

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LNDGet Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, Zacks reports. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 1.81% and a negative return on equity of 0.84%.

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 2.1%

NYSE:LND opened at $3.79 on Friday. The firm has a market capitalization of $389.16 million, a price-to-earnings ratio of -126.29 and a beta of 0.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69. The business has a fifty day moving average price of $3.67 and a 200-day moving average price of $3.84. Brasilagro Cia Brasileira De Propriedades Agricolas has a one year low of $3.46 and a one year high of $4.45.

Insider Transactions at Brasilagro Cia Brasileira De Propriedades Agricolas

In other news, Director Alejandro Gustavo Elsztain bought 14,500 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average cost of $3.58 per share, for a total transaction of $51,910.00. Following the completion of the transaction, the director owned 655,870 shares of the company’s stock, valued at approximately $2,348,014.60. This represents a 2.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

An institutional investor recently bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. EverSource Wealth Advisors LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LNDFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,580 shares of the company’s stock, valued at approximately $37,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

LND has been the subject of several recent analyst reports. Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on LND

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

(Get Free Report)

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.

Further Reading

Earnings History for Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)

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