Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Issues Quarterly Earnings Results

Key Points

• Brasilagro reported a quarterly loss of $0.03 per share, alongside a negative return on equity of 0.84% and a negative net margin of 1.81%.
• LND shares opened at $3.79, with a market capitalization of approximately $389 million and a 52-week trading range of $3.46 to $4.45.
• Director Alejandro Gustavo Elsztain purchased 14,500 shares, while analyst sentiment remained cautious with one Hold and one Sell rating, resulting in an overall “Reduce” rating.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) issued its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, Zacks reports. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative return on equity of 0.84% and a negative net margin of 1.81%.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

Shares of LND opened at $3.79 on Friday. The company has a market capitalization of $389.16 million, a P/E ratio of -126.29 and a beta of 0.04. Brasilagro Cia Brasileira De Propriedades Agricolas has a fifty-two week low of $3.46 and a fifty-two week high of $4.45. The business's 50-day moving average is $3.67 and its two-hundred day moving average is $3.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.47.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In other news, Director Alejandro Gustavo Elsztain bought 14,500 shares of the business's stock in a transaction dated Monday, June 29th. The stock was purchased at an average cost of $3.58 per share, with a total value of $51,910.00. Following the acquisition, the director directly owned 655,870 shares in the company, valued at $2,348,014.60. This trade represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by insiders.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A hedge fund recently bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas stock. EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,580 shares of the company's stock, valued at approximately $37,000. Hedge funds and other institutional investors own 1.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, June 23rd. Wall Street Zen cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

About Brasilagro Cia Brasileira De Propriedades Agricolas

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.

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