Brokerages Expect Archer-Daniels-Midland Company (ADM) Will Post Earnings of $0.64 Per Share
Equities analysts expect Archer-Daniels-Midland Company (NYSE:ADM) to post earnings of $0.64 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Archer-Daniels-Midland’s earnings, with estimates ranging from $0.59 to $0.67. Archer-Daniels-Midland posted earnings of $0.59 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The firm is scheduled to announce its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Archer-Daniels-Midland will report full-year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $2.65. For the next year, analysts anticipate that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.54 to $3.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. Archer-Daniels-Midland’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share.
ADM has been the topic of several recent analyst reports. Vetr upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a report on Wednesday, May 31st. Credit Suisse Group set a $45.00 price objective on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $44.22.
Shares of Archer-Daniels-Midland (NYSE:ADM) traded up 0.90% during trading on Friday, reaching $43.84. 5,604,342 shares of the company traded hands. The company has a market capitalization of $24.66 billion, a price-to-earnings ratio of 18.54 and a beta of 1.11. Archer-Daniels-Midland has a 52 week low of $40.22 and a 52 week high of $47.88. The firm’s 50 day moving average price is $42.21 and its 200-day moving average price is $42.95.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, August 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.92%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.
A number of institutional investors have recently added to or reduced their stakes in ADM. BlackRock Inc. increased its position in shares of Archer-Daniels-Midland by 1,027.8% in the 1st quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after purchasing an additional 35,768,331 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Archer-Daniels-Midland by 95.2% in the 1st quarter. Ameriprise Financial Inc. now owns 3,999,100 shares of the company’s stock valued at $184,053,000 after purchasing an additional 1,950,600 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Archer-Daniels-Midland by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock valued at $1,998,037,000 after purchasing an additional 1,672,627 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Archer-Daniels-Midland by 23.1% in the 2nd quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock valued at $266,817,000 after purchasing an additional 1,208,413 shares during the last quarter. Finally, Hexavest Inc. purchased a new stake in shares of Archer-Daniels-Midland in the 2nd quarter valued at approximately $40,385,000. Institutional investors own 72.86% of the company’s stock.
Archer-Daniels-Midland Company Profile
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