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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) posted its quarterly earnings results on Monday. The company reported $1.14 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $231.08 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.

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

Cresud S.A.C.I.F. y A. stock opened at $12.07 on Tuesday. The firm has a market cap of $762.58 million, a price-to-earnings ratio of 5.44 and a beta of 0.75. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.21. The stock’s 50-day moving average is $11.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRESY. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Insider Buying and Selling at Cresud S.A.C.I.F. y A.

In related news, Director Fernando Elsztain sold 70,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $1.26, for a total value of $88,200.00. Following the sale, the director directly owned 685,121 shares in the company, valued at $863,252.46. This trade represents a 9.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 139,385 shares of company stock valued at $165,517. Company insiders own 36.20% of the company’s stock.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter worth $25,000. Van ECK Associates Corp increased its position in shares of Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after buying an additional 2,957 shares in the last quarter. Bank of America Corp DE increased its position in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares in the last quarter. Acuitas Investments LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter worth $127,000. Finally, PharVision Advisers LLC bought a new position in Cresud S.A.C.I.F. y A. during the third quarter worth about $135,000. Institutional investors own 12.90% of the company’s stock.

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

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.