Cosan (NYSE:CSAN) Announces Quarterly Earnings Results

Cosan (NYSE:CSAN) released its quarterly earnings results on Thursday. The company reported ($0.32) EPS for the quarter, FiscalAI reports. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.95%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.55 billion.

Cosan Price Performance

NYSE CSAN traded down $0.27 during trading hours on Friday, reaching $3.43. The company’s stock had a trading volume of 5,249,437 shares, compared to its average volume of 2,186,452. The stock has a market cap of $3.40 billion, a PE ratio of -1.22 and a beta of 0.82. Cosan has a fifty-two week low of $3.30 and a fifty-two week high of $6.25. The company’s 50-day moving average is $4.15 and its two-hundred day moving average is $4.40. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.65 and a current ratio of 1.80.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $4.75.

Hedge Funds Weigh In On Cosan

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cosan in the fourth quarter worth approximately $46,000. Boothbay Fund Management LLC purchased a new position in Cosan in the fourth quarter valued at approximately $55,000. EFG International AG purchased a new position in Cosan in the fourth quarter valued at approximately $79,000. Russell Investments Group Ltd. purchased a new position in Cosan in the second quarter valued at approximately $109,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Cosan in the fourth quarter valued at approximately $132,000.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.