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

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) released its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, Zacks reports. The firm had revenue of $50.63 million for the quarter. 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

NYSE:LND opened at $3.79 on Friday. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12-month low of $3.46 and a 12-month high of $4.45. The firm has a market capitalization of $389.16 million, a price-to-earnings ratio of -126.29 and a beta of 0.04. The stock’s 50 day moving average price is $3.67 and its two-hundred day moving average price is $3.84. The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 0.42.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Gustavo Elsztain purchased 14,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average price of $3.58 per share, for a total transaction of $51,910.00. Following the purchase, the director owned 655,870 shares in the company, valued at approximately $2,348,014.60. The trade was a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

An institutional investor recently bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas stock. EverSource Wealth Advisors LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,580 shares of the company’s stock, valued at approximately $37,000. 1.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented 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 downgraded 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. According to MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas presently 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.