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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) released its earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. Cresud S.A.C.I.F. y A. had a return on equity of 5.97% and a net margin of 12.93%. The business had revenue of $271.18 million during the quarter.

Cresud S.A.C.I.F. y A. Trading Down 2.0%

NASDAQ:CRESY traded down $0.19 on Tuesday, reaching $9.07. 59,487 shares of the stock traded hands, compared to its average volume of 264,624. The firm has a market capitalization of $585.42 million, a P/E ratio of 5.19 and a beta of 0.68. The stock’s fifty day moving average is $11.46. Cresud S.A.C.I.F. y A. has a 12 month low of $8.92 and a 12 month high of $14.21. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. Announces Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd will be issued a $0.7494 dividend. This represents a yield of 752.0%. The ex-dividend date of this dividend is Monday, November 2nd. Cresud S.A.C.I.F. y A.’s payout ratio is 38.86%.

Insider Activity at Cresud S.A.C.I.F. y A.

In other news, Director Fernando Elsztain sold 65,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $1.25, for a total transaction of $81,250.00. Following the completion of the sale, the director owned 515,736 shares of the company’s stock, valued at $644,670. This represents a 11.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alejandro Elsztain purchased 8,295 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was acquired at an average price of $11.18 per share, for a total transaction of $92,738.10. Following the completion of the transaction, the director directly owned 1,251,393 shares of the company’s stock, valued at approximately $13,990,573.74. This trade represents a 0.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 130,000 shares of company stock worth $155,000 in the last 90 days. 36.20% of the stock is currently owned by corporate insiders.

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

A hedge fund recently raised its stake in Cresud S.A.C.I.F. y A. stock. OceanIQ Capital LLC raised its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,340 shares of the company’s stock after purchasing an additional 4,892 shares during the period. OceanIQ Capital LLC owned 0.11% of Cresud S.A.C.I.F. y A. worth $770,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Cresud S.A.C.I.F. y A. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Company Profile

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties.

Cresud’s operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.