Adecoagro (NYSE:AGRO - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, November 13th. Investors interested in registering for the company's conference call can do so using this link.
Adecoagro (NYSE:AGRO - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. The firm had revenue of $411.42 million for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. On average, analysts expect Adecoagro to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Adecoagro Stock Up 2.1 %
Shares of NYSE AGRO traded up $0.24 during mid-day trading on Wednesday, hitting $11.60. The company had a trading volume of 427,128 shares, compared to its average volume of 723,448. The company has a market capitalization of $1.21 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 1.09 and a beta of 1.08. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. Adecoagro has a one year low of $8.72 and a one year high of $12.51. The firm has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $10.50.
Adecoagro Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.174 per share. This represents a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 12th. This is a boost from Adecoagro's previous Semi-Annual dividend of $0.16. Adecoagro's payout ratio is currently 16.83%.
Analysts Set New Price Targets
Several research firms recently weighed in on AGRO. Morgan Stanley cut Adecoagro from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $14.50 to $12.50 in a report on Tuesday, September 17th. Bank of America reduced their target price on shares of Adecoagro from $15.50 to $14.50 and set a "buy" rating for the company in a research report on Monday, September 9th. StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Finally, UBS Group began coverage on shares of Adecoagro in a report on Monday, October 14th. They set a "neutral" rating and a $12.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.63.
Read Our Latest Report on AGRO
Adecoagro Company Profile
(
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Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.
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