Adecoagro (AGRO) to Release Quarterly Earnings on Wednesday

Adecoagro (NYSE:AGRO) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 13th. Parties interested in participating in the company’s conference call can do so using this link.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The business had revenue of $411.42 million during the quarter. On average, analysts expect Adecoagro to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Adecoagro Stock Performance

Shares of NYSE:AGRO opened at $11.33 on Tuesday. Adecoagro has a 12-month low of $8.72 and a 12-month high of $12.51. The company’s 50 day moving average price is $11.37 and its two-hundred day moving average price is $10.51. The firm has a market cap of $1.18 billion, a PE ratio of 5.61, a PEG ratio of 1.18 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.174 per share. The ex-dividend date is Tuesday, November 12th. This represents a yield of 2.9%. This is an increase from Adecoagro’s previous Semi-Annual dividend of $0.16. Adecoagro’s dividend payout ratio is currently 16.83%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group started coverage on Adecoagro in a research report on Monday, October 14th. They set a “neutral” rating and a $12.00 target price for the company. Bank of America reduced their price objective on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a research note on Monday, September 9th. StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Morgan Stanley downgraded shares of Adecoagro from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $14.50 to $12.50 in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.63.

About Adecoagro

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.