Cosan (NYSE:CSAN) Posts Earnings Results

Cosan (NYSE:CSAN) posted its quarterly earnings data on Thursday. The company reported ($0.32) earnings per share (EPS) for the quarter, FiscalAI reports. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.95%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.55 billion.

Cosan Stock Performance

CSAN traded down $0.27 during trading on Friday, reaching $3.43. 5,249,437 shares of the company’s stock were exchanged, compared to its average volume of 2,186,452. The company has a market capitalization of $3.40 billion, a P/E ratio of -1.22 and a beta of 0.82. The business has a 50 day moving average price of $4.15 and a 200 day moving average price of $4.40. Cosan has a fifty-two week low of $3.30 and a fifty-two week high of $6.25. The company has a quick ratio of 1.65, a current ratio of 1.80 and a debt-to-equity ratio of 2.01.

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Cosan in the fourth quarter worth about $46,000. Boothbay Fund Management LLC acquired a new position in shares of Cosan during the 4th quarter worth about $55,000. EFG International AG acquired a new position in shares of Cosan in the 4th quarter valued at approximately $79,000. Russell Investments Group Ltd. acquired a new position in shares of Cosan in the 2nd quarter valued at approximately $109,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Cosan in the 4th quarter valued at approximately $132,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cosan presently has a consensus rating of “Reduce” and an average price target of $4.75.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.