Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Announces Quarterly Earnings Results

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) announced its quarterly earnings results on Monday. The company reported ($0.32) EPS for the quarter, Zacks reports. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.46% and a negative net margin of 7.06%.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

Shares of NASDAQ CRESY traded up $0.14 during mid-day trading on Wednesday, hitting $11.33. 71,224 shares of the company’s stock traded hands, compared to its average volume of 213,820. The company’s 50-day moving average is $12.92 and its two-hundred day moving average is $10.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.85. The company has a market capitalization of $683.07 million, a P/E ratio of -8.56 and a beta of 1.11. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 1 year low of $6.56 and a 1 year high of $14.23.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, December 2nd were paid a $0.6096 dividend. The ex-dividend date was Monday, December 2nd. This is a boost from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s payout ratio is presently -44.70%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.