Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Posts Earnings Results

Key Points

• Cresud reported $999.00 EPS for the quarter, with a return on equity of 10.34% and a net margin of 23.88%.
• Shares fell $0.31 to $11.23; the stock has a market cap of about $709.5M, a P/E of 3.79, and a 52‑week range of $8.39–$14.21 while trading near its 50‑ and 200‑day moving averages.
• Alejandro Gustavo Elsztain purchased 13,375 shares at roughly $11.23 (raising his stake to 1,203,206 shares); insiders own 36.20% of the company, institutional ownership is about 12.9%, and analyst consensus remains a "Hold" with one recent upgrade to "Buy."

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.

Cresud S.A.C.I.F. y A. Price Performance

Shares of Cresud S.A.C.I.F. y A. stock traded down $0.31 during trading on Thursday, reaching $11.23. The company's stock had a trading volume of 195,920 shares, compared to its average volume of 256,570. The stock has a 50-day moving average price of $11.69 and a two-hundred day moving average price of $11.87. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.21. The stock has a market capitalization of $709.51 million, a P/E ratio of 3.79 and a beta of 0.71.

Analysts Set New Price Targets

CRESY has been the subject of a number of research analyst reports. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. has an average rating of "Hold".

Insider Activity

In other Cresud S.A.C.I.F. y A. news, Director Alejandro Gustavo Elsztain purchased 13,375 shares of the business's stock in a transaction that occurred on Wednesday, April 22nd. The stock was acquired at an average cost of $11.23 per share, with a total value of $150,201.25. Following the completion of the acquisition, the director directly owned 1,203,206 shares of the company's stock, valued at $13,512,003.38. This represents a 1.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 36.20% of the stock is owned by corporate insiders.

Institutional Trading of Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $25,000. Van ECK Associates Corp raised its holdings in Cresud S.A.C.I.F. y A. by 103.9% during the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock worth $73,000 after purchasing an additional 2,957 shares during the last quarter. Bank of America Corp DE raised its holdings in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock worth $103,000 after purchasing an additional 6,679 shares during the last quarter. PharVision Advisers LLC bought a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter worth about $135,000. Finally, Virtu Financial LLC bought a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter worth about $144,000. 12.90% of the stock is owned by institutional investors.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. NASDAQ: CRESY is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.

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