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Best Value Stocks to Buy for May 30th
zacks.com· 2024-05-30 10:31
Core Insights - Three stocks with strong value characteristics and a buy rank are highlighted for investors: Adecoagro S.A., Mr. Cooper Group Inc., and Maximus, Inc. [1] Group 1: Adecoagro S.A. (AGRO) - Adecoagro has a Zacks Rank of 1 and a price-to-earnings ratio (P/E) of 5.80, significantly lower than the industry average of 18.60 [1] - The Zacks Consensus Estimate for Adecoagro's current year earnings has increased by 6.2% over the last 60 days [1] - The company possesses a Value Score of A, indicating strong value characteristics [1] Group 2: Mr. Cooper Group Inc. (COOP) - Mr. Cooper Group also holds a Zacks Rank of 1 with a P/E ratio of 8.70, compared to the industry average of 11.40 [1] - The Zacks Consensus Estimate for Mr. Cooper Group's current year earnings has risen by 5.9% over the last 60 days [1] - The company has a Value Score of A, reflecting its strong value attributes [1] Group 3: Maximus, Inc. (MMS) - Maximus carries a Zacks Rank of 1 and has a P/E ratio of 14.87, lower than the industry average of 20.30 [2] - The Zacks Consensus Estimate for Maximus's next year earnings has increased by 5.2% over the last 60 days [2] - The company also possesses a Value Score of A, indicating favorable value characteristics [2]
AGRO vs. LMNR: Which Stock Is the Better Value Option?
zacks.com· 2024-05-22 16:46
Core Viewpoint - Adecoagro (AGRO) is currently viewed as a more attractive investment option compared to Limoneira (LMNR) based on various valuation metrics and rankings [1][3]. Valuation Metrics - AGRO has a forward P/E ratio of 6, significantly lower than LMNR's forward P/E of 74.86 [2]. - The PEG ratio for AGRO is 1.56, while LMNR's PEG ratio stands at 4.99, indicating AGRO's better valuation relative to its expected earnings growth [2]. - AGRO's P/B ratio is 0.76, compared to LMNR's P/B ratio of 2.05, further highlighting AGRO's undervaluation [2]. Zacks Rank and Style Scores - AGRO holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while LMNR has a Zacks Rank of 3 (Hold) [1][3]. - In the Value category, AGRO has received a grade of A, whereas LMNR has a grade of D, suggesting that AGRO is more favorable for value investors [3].
Adecoagro S.A.(AGRO) - 2024 Q1 - Earnings Call Transcript
2024-05-17 17:42
Adecoagro S.A. (NYSE:AGRO) Q1 2024 Earnings Conference Call May 17, 2024 11:00 AM ET Company Participants Vitoria Cabello - Investor Relations Officer Mariano Bosch - Chief Executive Officer Emilio Gnecco - Chief Financial Officer Renato Junqueira Pereira - Vice President, Sugar, Ethanol and Energy Conference Call Participants Henrique Brustolin - BTG Isabella Simonato - Bank of America Larissa Perez - Itau BBA Julia Rizzo - Morgan Stanley Operator Good morning, ladies and gentlemen, and thank you for waiti ...
Adjusted EBITDA of $90.1 million. Solid crushing pace and Farming yield normalization. $35 million cash dividend during 2024.
Prnewswire· 2024-05-16 20:30
Core Insights - Adecoagro S.A. reported a 2.6% increase in gross sales for Q1 2024, attributed to higher sugarcane crushing and increased average selling prices in the Rice segment [2] - Adjusted EBITDA for Q1 2024 was $90.1 million, a 1.1% increase from Q1 2023, driven by strong performance in the Farming business, which offset declines in the Sugar, Ethanol & Energy segment [2] - Adjusted net income for Q1 2024 was $23.3 million, reflecting a 40.1% decrease year-over-year [2] Sugar, Ethanol & Energy Business - Crushing volumes reached 2.2 million tons, a 47% year-over-year increase, marking a record for Q1 [3] - 49% of the crushed sugarcane was diverted to sugar production, with sugar prices averaging 48% higher than hydrous ethanol [3] - Adjusted EBITDA for this segment was $51.9 million, down 32% from Q1 2023, impacted by lower sugar prices and higher freight costs [3] Farming Business - Adjusted EBITDA for the Farming business was $44.0 million, an increase of $25.5 million compared to Q1 2023 [4] - The Rice segment saw a year-over-year increase of $19.4 million, driven by improved area, productivity, and prices, with sales prices $433 per ton higher than in Q1 2023 [4] - The Crops segment benefited from a full recovery in yields, contributing to a $5.8 million increase in results [4] Shareholder Distribution - The company announced a cash dividend distribution of $35 million, to be paid in two installments of $17.5 million each [5] - Year-to-date, the company invested $26.6 million in repurchasing 2.6 million shares, representing 2.4% of its equity [5] Farmland Sale - In April 2024, the company completed the sale of La Pecuaria farm for $20.7 million, generating an Adjusted EBITDA of $15.3 million to be recorded in Q2 2024 [6]
Is Adecoagro (AGRO) Stock Undervalued Right Now?
Zacks Investment Research· 2024-05-13 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...
Adecoagro announces declaration of cash dividends
Prnewswire· 2024-05-03 20:30
Group 1 - Adecoagro S.A. announced a cash dividend distribution of $17.5 million, equating to approximately $0.1682 per share, for shareholders of record as of May 14, 2024, payable on May 29, 2024 [1] - This dividend is the first of two installments, with the second installment expected to be paid in November 2024 in an equal cash amount [1] Group 2 - Adecoagro is a leading sustainable production company in South America, owning 213.5 thousand hectares of farmland and various industrial facilities [2] - The company produces over 2.8 million tons of agricultural products and more than 1 million MWh of renewable electricity [2]
Adecoagro (AGRO) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-04-29 23:01
Adecoagro (AGRO) closed at $11.14 in the latest trading session, marking a +0.81% move from the prior day. This move outpaced the S&P 500's daily gain of 0.32%. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.35%.Heading into today, shares of the producer of agricultural products and renewable energy had gained 0.27% over the past month, outpacing the Consumer Staples sector's loss of 0.5% and the S&P 500's loss of 2% in that time.Market participants w ...
Adecoagro announces the filing of its form 20-F for fiscal year 2023
Prnewswire· 2024-04-26 20:28
Core Insights - Adecoagro S.A. has filed its Form 20-F for the fiscal year ended December 31, 2023, with the SEC [1] - The Form 20-F is accessible on the SEC's website and the company's website, and shareholders can request a hard copy of the audited financial statements [1] - Adecoagro is recognized as a leading sustainable production company in South America [2] Company Overview - Adecoagro owns 213.5 thousand hectares of farmland across Argentina, Brazil, and Uruguay [2] - The company produces over 2.8 million tons of agricultural products annually [2] - Adecoagro generates over 1 million MWh of renewable electricity [2]
Adecoagro S.A.(AGRO) - 2023 Q4 - Annual Report
2024-04-26 19:56
Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED ON DECEMBER 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO ________________ OR ¨ SHELL COMPANY REPORT PURSUAN ...