Adecoagro S.A. (NYSE:AGRO) Shareholders Set to Receive $0.12 Dividend

Key Points

• Adecoagro declared a $0.1213 per-share dividend, payable November 19 to shareholders of record November 5. The article states a 242.0% yield, while the company’s 22.0% payout ratio suggests the dividend is covered by earnings.
• The company reported quarterly earnings of $0.13 per share, missing the $0.54 analyst consensus, while revenue of $538.5 million also fell short of expectations.
• Analyst sentiment remains cautious: Adecoagro has a consensus rating of “Reduce” and an average price target of $11.62, with one Buy, five Hold, and two Sell ratings.

Adecoagro S.A. (NYSE:AGRO - Get Free Report) declared a dividend on Monday, October 26th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.1213 per share on Thursday, November 19th. This represents a yield of 242.0%. The ex-dividend date of this dividend is Thursday, November 5th.

Adecoagro has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Adecoagro to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 21.4%.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $10.01 on Tuesday. Adecoagro has a 12 month low of $6.89 and a 12 month high of $15.89. The firm has a market capitalization of $1.43 billion, a P/E ratio of 30.32 and a beta of -0.02. The company has a current ratio of 1.73, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $10.78 and a two-hundred day simple moving average of $10.93.

Adecoagro (NYSE:AGRO - Get Free Report) last released its earnings results on Saturday, August 8th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.41). The business had revenue of $538.50 million during the quarter, compared to analysts' expectations of $602.01 million. Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%. On average, equities analysts forecast that Adecoagro will post 1.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AGRO has been the subject of a number of recent research reports. Santander started coverage on Adecoagro in a research note on Monday, September 14th. They set a "neutral" rating for the company. UBS Group cut their target price on Adecoagro from $15.20 to $13.20 and set a "buy" rating on the stock in a research note on Thursday, August 27th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Adecoagro in a report on Monday, October 12th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adecoagro has a consensus rating of "Reduce" and an average price target of $11.62.

About Adecoagro

Adecoagro SA is an agricultural and agroindustrial company focused on producing, processing and marketing food, agricultural commodities and renewable energy products in South America. The company operates an integrated business model that combines farming, livestock activities and industrial processing.

Adecoagro's activities include the cultivation of grains, oilseeds, rice, sugarcane and other crops, as well as dairy production. Its processing operations produce products such as rice, sugar and ethanol, while sugarcane-based facilities also generate electricity through cogeneration.

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