$0.64 Earnings Per Share Expected for Archer-Daniels-Midland Company (ADM) This Quarter
Equities research analysts expect Archer-Daniels-Midland Company (NYSE:ADM) to report earnings of $0.64 per share for the current fiscal quarter, according to Zacks. 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 per share of $0.59 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 31st.
According to Zacks, analysts expect that Archer-Daniels-Midland will report full-year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.65. For the next year, analysts expect that the business will report earnings of $2.88 per share, with EPS estimates ranging from $2.54 to $3.00. Zacks’ EPS averages are a mean average based on a survey of sell-side 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis.
Several research firms recently weighed in on ADM. Credit Suisse Group set a $45.00 price objective on Archer-Daniels-Midland and gave the company 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. BMO Capital Markets restated a “hold” rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Robert W. Baird began coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Piper Jaffray Companies set a $42.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.47.
Shares of Archer-Daniels-Midland (NYSE ADM) traded up 1.011% on Thursday, reaching $43.465. 1,115,609 shares of the company’s stock traded hands. The stock has a 50-day moving average of $42.56 and a 200 day moving average of $42.76. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market cap of $24.45 billion, a P/E ratio of 18.378 and a beta of 1.12.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.28 annualized dividend and a yield of 2.97%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.
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A number of institutional investors and hedge funds have recently bought and sold shares of ADM. Guardian Life Insurance Co. of America grew 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 valued at $102,000 after purchasing an additional 8 shares during the last quarter. Enterprise Financial Services Corp grew its stake in shares of Archer-Daniels-Midland by 17.7% during the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 28.3% during the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Point72 Asia Hong Kong Ltd grew its stake in shares of Archer-Daniels-Midland by 681.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after acquiring an additional 2,963 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its stake in shares of Archer-Daniels-Midland by 24.7% during the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
Archer-Daniels-Midland Company Profile
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