$15.84 Billion in Sales Expected for Archer-Daniels-Midland Company (NYSE:ADM) This Quarter
Analysts expect Archer-Daniels-Midland Company (NYSE:ADM) to report $15.84 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Archer-Daniels-Midland’s earnings, with the highest sales estimate coming in at $15.95 billion and the lowest estimate coming in at $15.74 billion. Archer-Daniels-Midland posted sales of $15.63 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The company is expected to report its next quarterly earnings results before the market opens on Tuesday, August 1st.
On average, analysts expect that Archer-Daniels-Midland will report full year sales of $15.84 billion for the current year, with estimates ranging from $61.92 billion to $64.43 billion. For the next financial year, analysts anticipate that the company will report sales of $64.18 billion per share, with estimates ranging from $62.72 billion to $64.92 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland had a net margin of 2.21% and a return on equity of 7.88%. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.15 billion. During the same period last year, the company earned $0.42 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was up 4.2% compared to the same quarter last year.
A number of research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 price objective (down from $41.00) on shares of Archer-Daniels-Midland in a research report on Saturday. Credit Suisse Group set a $45.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Tuesday, July 18th. Zacks Investment Research cut Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 price objective on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.53.
A number of hedge funds have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after buying an additional 8 shares during the last quarter. Ledyard National Bank purchased a new stake in Archer-Daniels-Midland during the first quarter worth about $120,000. Whittier Trust Co. increased its stake in Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock worth $146,000 after buying an additional 2,932 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its stake in Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after buying an additional 2,963 shares during the last quarter. Finally, Harfst & Associates Inc. purchased a new stake in Archer-Daniels-Midland during the first quarter worth about $190,000. 72.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Archer-Daniels-Midland (ADM) opened at 41.26 on Friday. Archer-Daniels-Midland has a 12 month low of $40.22 and a 12 month high of $47.88. The company has a market capitalization of $23.45 billion, a PE ratio of 17.47 and a beta of 1.10. The stock’s 50 day moving average price is $41.55 and its 200 day moving average price is $43.61.
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Archer-Daniels-Midland Company Profile
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