Brokerages Anticipate Archer Daniels Midland Company (ADM) to Announce $0.72 Earnings Per Share

Wall Street brokerages expect that Archer Daniels Midland Company (NYSE:ADM) will report earnings of $0.72 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Archer Daniels Midland’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.75. Archer Daniels Midland posted earnings of $0.75 per share during the same quarter last year, which suggests a negative year over year growth rate of 4%. The company is expected to report its next earnings report on Tuesday, February 6th.

On average, analysts expect that Archer Daniels Midland will report full-year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.40. For the next financial year, analysts anticipate that the company will report earnings of $2.76 per share, with EPS estimates ranging from $2.57 to $2.93. Zacks’ EPS averages are an 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 results on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.10). Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The company had revenue of $14.83 billion for the quarter, compared to the consensus estimate of $16 billion. During the same quarter in the previous year, the business earned $0.59 earnings per share. Archer Daniels Midland’s revenue was down 6.3% compared to the same quarter last year.

Several equities research analysts recently commented on the company. Piper Jaffray Companies set a $42.00 price objective on Archer Daniels Midland and gave the stock a “hold” rating in a report on Friday, August 25th. TheStreet downgraded Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. BMO Capital Markets reduced their price objective on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a report on Wednesday, November 1st. Monness Crespi & Hardt reduced their price objective on Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. One 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 stock. Archer Daniels Midland presently has a consensus rating of “Hold” and an average price target of $42.22.

Shares of Archer Daniels Midland (NYSE ADM) opened at $40.83 on Friday. Archer Daniels Midland has a twelve month low of $38.59 and a twelve month high of $47.44. The company has a market capitalization of $23,380.00, a PE ratio of 16.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 0.91.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be given a $0.32 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 annualized dividend and a yield of 3.13%. Archer Daniels Midland’s payout ratio is 60.09%.

A number of large investors have recently made changes to their positions in ADM. BlackRock Inc. boosted its position in Archer Daniels Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after purchasing an additional 2,359,196 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Archer Daniels Midland by 333.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,270,430 shares of the company’s stock worth $96,516,000 after purchasing an additional 1,746,628 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Archer Daniels Midland by 16.5% in the third quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock worth $375,203,000 after purchasing an additional 1,246,972 shares during the last quarter. Victory Capital Management Inc. boosted its position in Archer Daniels Midland by 23.1% in the second quarter. Victory Capital Management Inc. now owns 6,447,977 shares of the company’s stock worth $266,817,000 after purchasing an additional 1,208,413 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Archer Daniels Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after purchasing an additional 1,011,097 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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