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.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/16/brokerages-expect-archer-daniels-midland-company-adm-will-post-earnings-of-0-64-per-share.html.

Archer-Daniels-Midland Company Profile

Get a free copy of the Zacks research report on Archer-Daniels-Midland (ADM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related companies with MarketBeat.com's FREE daily email newsletter.