Archer-Daniels-Midland Company (ADM) Set to Announce Quarterly Earnings on Tuesday
Archer-Daniels-Midland Company (NYSE:ADM) is set to issue its quarterly earnings data before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. Archer-Daniels-Midland’s revenue was down 4.4% on a year-over-year basis. On average, analysts expect Archer-Daniels-Midland to post $2.52 EPS for the current fiscal year and $2.85 EPS for the next fiscal year.
Shares of Archer-Daniels-Midland Company (NYSE:ADM) opened at 43.57 on Tuesday. The company’s 50-day moving average price is $43.18 and its 200 day moving average price is $42.54. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 18.42 and a beta of 1.12.
A number of equities analysts have issued reports on ADM shares. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research downgraded Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Robert W. Baird started coverage on shares of Archer-Daniels-Midland in a research report on Monday, September 11th. They set an “outperform” rating and a $50.00 target price on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and set a $40.00 target price (down previously from $41.00) on shares of Archer-Daniels-Midland in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.47.
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