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

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

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

CRESY traded down $0.18 on Tuesday, hitting $9.08. 56,308 shares of the company were exchanged, compared to its average volume of 264,624. 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. The stock’s fifty day moving average price is $11.46. The company has a market capitalization of $585.93 million, a PE ratio of 5.18 and a beta of 0.68.

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

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

Insider Activity

In other Cresud S.A.C.I.F. y A. news, Director Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $1.25, for a total value of $81,250.00. Following the sale, the director directly owned 515,736 shares in the company, valued at approximately $644,670. The trade was a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alejandro Elsztain purchased 8,295 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average cost of $11.18 per share, for a total transaction of $92,738.10. Following the purchase, the director owned 1,251,393 shares of the company’s stock, valued at $13,990,573.74. This represents a 0.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 130,000 shares of company stock worth $155,000 over the last three months. 36.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Cresud S.A.C.I.F. y A. stock. OceanIQ Capital LLC boosted its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,340 shares of the company’s stock after purchasing an additional 4,892 shares during the quarter. OceanIQ Capital LLC owned about 0.11% of Cresud S.A.C.I.F. y A. worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 12.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

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

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.