Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Expected to Earn FY2024 Earnings of $0.31 Per Share

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) – Investment analysts at Roth Capital issued their FY2024 earnings per share estimates for Bioceres Crop Solutions in a research note issued to investors on Tuesday, July 2nd. Roth Capital analyst S. Fortune anticipates that the company will earn $0.31 per share for the year. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Bioceres Crop Solutions’ current full-year earnings is $0.39 per share. Roth Capital also issued estimates for Bioceres Crop Solutions’ Q4 2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $0.78 EPS and FY2026 earnings at $1.19 EPS.

Separately, Roth Mkm initiated coverage on Bioceres Crop Solutions in a research note on Tuesday. They set a “buy” rating and a $15.00 price objective for the company.

Bioceres Crop Solutions Stock Performance

NASDAQ:BIOX opened at $11.08 on Thursday. The firm has a market cap of $695.82 million, a PE ratio of 1,108.00 and a beta of 0.50. Bioceres Crop Solutions has a fifty-two week low of $10.10 and a fifty-two week high of $14.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.22. The business has a 50 day moving average price of $11.35 and a 200-day moving average price of $12.48.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its earnings results on Wednesday, May 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $83.98 million during the quarter, compared to analysts’ expectations of $88.80 million. Bioceres Crop Solutions had a return on equity of 0.28% and a net margin of 0.21%.

Institutional Trading of Bioceres Crop Solutions

A number of institutional investors have recently made changes to their positions in the stock. Fourth Sail Capital LP raised its holdings in shares of Bioceres Crop Solutions by 136.1% during the first quarter. Fourth Sail Capital LP now owns 1,627,630 shares of the company’s stock valued at $20,606,000 after acquiring an additional 938,282 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Bioceres Crop Solutions by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock valued at $3,253,000 after acquiring an additional 7,096 shares in the last quarter. Polar Capital Holdings Plc bought a new position in shares of Bioceres Crop Solutions during the third quarter valued at approximately $2,112,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Bioceres Crop Solutions by 46.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 136,635 shares of the company’s stock valued at $1,876,000 after acquiring an additional 43,484 shares in the last quarter. Finally, One Degree Advisors Inc bought a new position in shares of Bioceres Crop Solutions during the fourth quarter valued at approximately $291,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Bioceres Crop Solutions Company Profile

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.