Analysts Expect Adecoagro SA (AGRO) Will Post Earnings of $0.22 Per Share

Wall Street brokerages expect Adecoagro SA (NYSE:AGRO) to report $0.22 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Adecoagro’s earnings. Adecoagro posted earnings of $0.04 per share in the same quarter last year, which suggests a positive year over year growth rate of 450%. The business is scheduled to issue its next earnings results on Thursday, March 21st.

On average, analysts expect that Adecoagro will report full year earnings of $0.54 per share for the current year, with EPS estimates ranging from $0.13 to $0.94. For the next financial year, analysts forecast that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.42 to $1.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Adecoagro.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Thursday, November 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $178.74 million during the quarter. Adecoagro had a negative net margin of 1.88% and a positive return on equity of 16.18%.

A number of brokerages recently weighed in on AGRO. ValuEngine upgraded shares of Adecoagro from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Zacks Investment Research upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Monday, December 24th. Santander cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Citigroup began coverage on shares of Adecoagro in a report on Tuesday, December 18th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Large investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of Adecoagro in the 2nd quarter valued at approximately $139,000. Jane Street Group LLC purchased a new stake in Adecoagro in the 3rd quarter worth approximately $141,000. California Public Employees Retirement System purchased a new stake in Adecoagro in the 2nd quarter worth approximately $186,000. Allianz Asset Management GmbH purchased a new stake in Adecoagro in the 3rd quarter worth approximately $212,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Adecoagro in the 2nd quarter worth approximately $288,000. Institutional investors and hedge funds own 41.27% of the company’s stock.

Shares of Adecoagro stock traded up $0.11 on Wednesday, hitting $7.28. The company had a trading volume of 4,122 shares, compared to its average volume of 293,763. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.23 and a quick ratio of 1.39. The stock has a market capitalization of $874.07 million, a PE ratio of 89.75 and a beta of 0.60. Adecoagro has a 52 week low of $6.40 and a 52 week high of $10.30.

Adecoagro Company Profile

Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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