Adecoagro S.A. (AGRO) Shares Down 0.1% on Disappointing Earnings

Adecoagro S.A. (NYSE:AGRO) dropped 0.1% on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $8.40 and last traded at $9.33. Approximately 914,600 shares traded hands during trading, an increase of 30% from the average daily volume of 702,902 shares. The stock had previously closed at $9.34.

The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.13). Adecoagro had a net margin of 2.80% and a return on equity of 4.05%. The company had revenue of $262.99 million during the quarter.

Separately, BidaskClub lowered Adecoagro from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th.

A number of large investors have recently added to or reduced their stakes in the business. Fred Alger Management Inc. raised its position in Adecoagro by 0.8% in the second quarter. Fred Alger Management Inc. now owns 46,158 shares of the company’s stock valued at $461,000 after purchasing an additional 380 shares during the period. IndexIQ Advisors LLC raised its position in Adecoagro by 1.4% in the second quarter. IndexIQ Advisors LLC now owns 28,950 shares of the company’s stock valued at $289,000 after purchasing an additional 391 shares during the period. Cubist Systematic Strategies LLC raised its position in Adecoagro by 3.5% in the second quarter. Cubist Systematic Strategies LLC now owns 74,406 shares of the company’s stock valued at $743,000 after purchasing an additional 2,514 shares during the period. Royal Bank of Canada raised its position in Adecoagro by 3.4% in the second quarter. Royal Bank of Canada now owns 97,532 shares of the company’s stock valued at $975,000 after purchasing an additional 3,204 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Adecoagro by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 248,793 shares of the company’s stock valued at $2,485,000 after purchasing an additional 3,704 shares during the period. 46.85% of the stock is currently owned by institutional investors.

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.16 and a current ratio of 1.86. The firm has a market cap of $1,060.00, a PE ratio of 42.46 and a beta of 1.07.

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Adecoagro Company Profile

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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