Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Forecasted to Earn FY2029 Earnings of $1.55 Per Share

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) – Stock analysts at Brookline Capital Management issued their FY2029 earnings per share estimates for Bioceres Crop Solutions in a research note issued to investors on Tuesday, September 10th. Brookline Capital Management analyst K. Dolliver expects that the company will earn $1.55 per share for the year. The consensus estimate for Bioceres Crop Solutions’ current full-year earnings is $0.30 per share.

Bioceres Crop Solutions (NASDAQ:BIOX) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Bioceres Crop Solutions had a net margin of 0.21% and a return on equity of 0.28%. The firm had revenue of $124.30 million for the quarter, compared to analyst estimates of $126.75 million. During the same quarter in the prior year, the business posted ($0.06) EPS.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group cut their price objective on Bioceres Crop Solutions from $17.00 to $12.50 and set a “buy” rating for the company in a research note on Wednesday. Oppenheimer decreased their price objective on Bioceres Crop Solutions from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday. Roth Mkm lowered their target price on shares of Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday. Lake Street Capital decreased their price target on shares of Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Roth Capital raised shares of Bioceres Crop Solutions to a “strong-buy” rating in a research note on Tuesday, July 2nd. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $13.63.

Bioceres Crop Solutions Stock Down 1.2 %

Bioceres Crop Solutions stock opened at $8.55 on Thursday. The business has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $11.47. Bioceres Crop Solutions has a 12 month low of $8.16 and a 12 month high of $14.05. The stock has a market capitalization of $536.91 million, a PE ratio of 855.00 and a beta of 0.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.83.

Institutional Trading of Bioceres Crop Solutions

Several hedge funds have recently made changes to their positions in BIOX. Fourth Sail Capital LP lifted its holdings in Bioceres Crop Solutions by 20.5% in the second quarter. Fourth Sail Capital LP now owns 1,961,825 shares of the company’s stock valued at $21,992,000 after acquiring an additional 334,195 shares during the last quarter. Long Focus Capital Management LLC lifted its stake in shares of Bioceres Crop Solutions by 19.9% in the 2nd quarter. Long Focus Capital Management LLC now owns 280,547 shares of the company’s stock valued at $3,145,000 after purchasing an additional 46,647 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Bioceres Crop Solutions by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock worth $3,253,000 after purchasing an additional 7,096 shares during the last quarter. Oak Family Advisors LLC increased its position in shares of Bioceres Crop Solutions by 1.9% during the 2nd quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Bioceres Crop Solutions by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock valued at $688,000 after buying an additional 5,341 shares during the period. Hedge funds and other institutional investors own 17.68% of the company’s stock.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.