Adecoagro SA (AGRO) Issues Earnings Results, Misses Estimates By $0.17 EPS
Adecoagro SA (NYSE:AGRO) announced its quarterly earnings data on Monday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.17. Adecoagro SA had a negative return on equity of 1.56% and a negative net margin of 1.36%. The firm had revenue of $166.09 million during the quarter.
Shares of Adecoagro SA (NYSE:AGRO) traded up 0.87% during midday trading on Tuesday, reaching $11.62. The company had a trading volume of 1,942,840 shares. Adecoagro SA has a 1-year low of $9.38 and a 1-year high of $13.29. The company’s 50-day moving average is $11.37 and its 200-day moving average is $11.26. The stock has a market capitalization of $1.41 billion, a PE ratio of 683.53 and a beta of 0.95.
Separately, Zacks Investment Research raised Adecoagro SA from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, April 14th.
About Adecoagro SA
Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.
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