Archer-Daniels-Midland Company (ADM) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS
Archer-Daniels-Midland Company (NYSE:ADM) issued its quarterly earnings data on Tuesday. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10), Bloomberg Earnings reports. The company had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $16 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share.
Archer-Daniels-Midland (ADM) traded down 4.72% during trading on Tuesday, reaching $40.79. The company had a trading volume of 2,085,310 shares. The stock has a market capitalization of $22.95 billion, a P/E ratio of 17.25 and a beta of 1.12. Archer-Daniels-Midland has a 12-month low of $39.95 and a 12-month high of $47.88. The stock has a 50 day moving average of $43.28 and a 200-day moving average of $42.48.
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ADM has been the subject of several analyst reports. Credit Suisse Group lowered their price objective on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, August 31st. Zacks Investment Research raised Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $42.25 to $45.00 in a research note on Thursday, September 28th. Robert W. Baird initiated coverage on Archer-Daniels-Midland in a research note 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 target on Archer-Daniels-Midland and gave the company a “hold” rating in a research report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.86.
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