Brokerages Anticipate Archer-Daniels-Midland Company (ADM) Will Announce Quarterly Sales of $15.89 Billion
Wall Street brokerages expect Archer-Daniels-Midland Company (NYSE:ADM) to post sales of $15.89 billion for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Archer-Daniels-Midland’s earnings, with estimates ranging from $15.64 billion to $16.14 billion. Archer-Daniels-Midland posted sales of $15.83 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The company is scheduled to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Archer-Daniels-Midland will report full-year sales of $15.89 billion for the current financial year, with estimates ranging from $61.97 billion to $63.51 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $63.39 billion per share, with estimates ranging from $62.42 billion to $64.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. Archer-Daniels-Midland’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share.
ADM has been the subject of several analyst reports. Zacks Investment Research cut Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective for the company in a report on Wednesday, May 31st. BidaskClub raised Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Citigroup Inc. reissued a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price (up previously from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.10.
Several hedge funds have recently made changes to their positions in ADM. Ontario Teachers Pension Plan Board raised its stake in Archer-Daniels-Midland by 7.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 98,944 shares of the company’s stock worth $4,094,000 after buying an additional 7,199 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Archer-Daniels-Midland by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after buying an additional 24,589 shares during the last quarter. Virtu KCG Holdings LLC increased its position in shares of Archer-Daniels-Midland by 191.2% in the second quarter. Virtu KCG Holdings LLC now owns 48,281 shares of the company’s stock worth $1,998,000 after buying an additional 31,701 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Archer-Daniels-Midland by 45.1% in the second quarter. Parametric Portfolio Associates LLC now owns 1,508,912 shares of the company’s stock worth $62,439,000 after buying an additional 469,180 shares during the last quarter. Finally, WealthPLAN Partners LLC increased its position in shares of Archer-Daniels-Midland by 2,374.7% in the second quarter. WealthPLAN Partners LLC now owns 5,766 shares of the company’s stock worth $239,000 after buying an additional 5,533 shares during the last quarter. Hedge funds and other institutional investors own 73.21% of the company’s stock.
Shares of Archer-Daniels-Midland (ADM) opened at 41.26 on Friday. Archer-Daniels-Midland has a 1-year low of $40.22 and a 1-year high of $47.88. The firm has a market capitalization of $23.21 billion, a price-to-earnings ratio of 17.45 and a beta of 1.11. The company has a 50-day moving average price of $41.60 and a 200 day moving average price of $43.33.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.10%. Archer-Daniels-Midland’s payout ratio is 53.78%.
Archer-Daniels-Midland Company Profile
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