Analysts expect Archer Daniels Midland Co (NYSE:ADM) to announce earnings of $0.61 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Archer Daniels Midland’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.56. Archer Daniels Midland posted earnings per share of $0.60 in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The company is expected to announce its next earnings results on Tuesday, May 1st.
On average, analysts expect that Archer Daniels Midland will report full year earnings of $2.85 per share for the current year, with EPS estimates ranging from $2.65 to $2.98. For the next financial year, analysts forecast that the business will post earnings of $3.06 per share, with EPS estimates ranging from $2.72 to $3.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Archer Daniels Midland.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a net margin of 2.62% and a return on equity of 7.91%. The company had revenue of $16.07 billion during the quarter, compared to analysts’ expectations of $16.64 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue was down 2.6% on a year-over-year basis.
Shares of Archer Daniels Midland (ADM) opened at $44.24 on Wednesday. Archer Daniels Midland has a 1-year low of $38.59 and a 1-year high of $46.39. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The company has a market cap of $24,885.11, a price-to-earnings ratio of 15.80 and a beta of 1.09.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th were given a $0.335 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.03%. Archer Daniels Midland’s dividend payout ratio is currently 47.86%.
Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Archer Daniels Midland by 27.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,409,203 shares of the company’s stock worth $377,121,000 after buying an additional 2,044,941 shares during the period. Bank of New York Mellon Corp grew its position in shares of Archer Daniels Midland by 16.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock worth $375,203,000 after buying an additional 1,246,972 shares during the period. Geode Capital Management LLC grew its position in shares of Archer Daniels Midland by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 6,283,062 shares of the company’s stock worth $251,328,000 after buying an additional 185,044 shares during the period. Aristotle Capital Management LLC grew its position in shares of Archer Daniels Midland by 6.4% in the 4th quarter. Aristotle Capital Management LLC now owns 5,244,585 shares of the company’s stock worth $210,203,000 after buying an additional 315,644 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Archer Daniels Midland by 2.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,076,561 shares of the company’s stock worth $173,149,000 after buying an additional 113,452 shares during the period. 77.46% of the stock is currently owned by hedge funds and other institutional investors.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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