Adecoagro (AGRO) to Release Earnings on Thursday

Adecoagro (NYSE:AGROGet Rating) will be announcing its earnings results after the market closes on Thursday, August 11th. Investors that are interested in registering for the company’s conference call can do so using this link.

Adecoagro (NYSE:AGROGet Rating) last released its earnings results on Thursday, May 12th. The company reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $206.36 million for the quarter. Adecoagro had a return on equity of 15.74% and a net margin of 15.47%. On average, analysts expect Adecoagro to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Adecoagro Price Performance

NYSE:AGRO opened at $8.19 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.95 and a debt-to-equity ratio of 0.65. Adecoagro has a 52-week low of $6.78 and a 52-week high of $13.55. The firm has a market cap of $958.97 million, a P/E ratio of 5.25 and a beta of 1.13. The business’s 50-day moving average price is $8.85 and its 200 day moving average price is $9.80.

Hedge Funds Weigh In On Adecoagro

A number of hedge funds and other institutional investors have recently modified their holdings of AGRO. Verition Fund Management LLC acquired a new stake in Adecoagro during the 1st quarter worth about $6,060,000. JPMorgan Chase & Co. boosted its position in Adecoagro by 81.2% during the 1st quarter. JPMorgan Chase & Co. now owns 312,044 shares of the company’s stock worth $3,769,000 after acquiring an additional 139,854 shares during the period. Invesco Ltd. boosted its position in Adecoagro by 187.5% during the 1st quarter. Invesco Ltd. now owns 285,894 shares of the company’s stock worth $3,454,000 after acquiring an additional 186,436 shares during the period. Wexford Capital LP acquired a new stake in Adecoagro during the 1st quarter worth about $2,210,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Adecoagro during the 1st quarter worth about $2,106,000.

Analysts Set New Price Targets

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Monday, May 16th.

About Adecoagro

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Adecoagro SA operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as wheat, corn, soybeans, peanuts, cotton, sunflowers, and others; 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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Earnings History for Adecoagro (NYSE:AGRO)

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