Equities research analysts expect Archer Daniels Midland Co (NYSE:ADM) to post sales of $15.63 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archer Daniels Midland’s earnings, with the lowest sales estimate coming in at $14.65 billion and the highest estimate coming in at $16.61 billion. Archer Daniels Midland reported sales of $17.07 billion in the same quarter last year, which indicates a negative year over year growth rate of 8.4%. The business is scheduled to report its next earnings report before the market opens on Thursday, August 1st.
According to Zacks, analysts expect that Archer Daniels Midland will report full-year sales of $66.31 billion for the current financial year, with estimates ranging from $65.54 billion to $66.89 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $68.65 billion, with estimates ranging from $66.47 billion to $71.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Archer Daniels Midland.
Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Friday, April 26th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.16). Archer Daniels Midland had a net margin of 2.57% and a return on equity of 9.83%. The firm had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the prior year, the business earned $0.68 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.
A number of research firms recently weighed in on ADM. ValuEngine lowered Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Robert W. Baird reiterated an “outperform” rating and issued a $48.00 price target (down previously from $54.00) on shares of Archer Daniels Midland in a research report on Monday, April 29th. Zacks Investment Research lowered Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Stifel Nicolaus increased their price target on FactSet Research Systems from $230.00 to $242.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Finally, BMO Capital Markets increased their price target on Discover Financial Services to $92.00 and gave the company a “market perform” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $50.50.
In related news, CFO Ray G. Young purchased 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average price of $42.76 per share, for a total transaction of $256,560.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Juan R. Luciano purchased 23,657 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $42.30 per share, with a total value of $1,000,691.10. Following the transaction, the chief executive officer now directly owns 569,152 shares in the company, valued at $24,075,129.60. The disclosure for this purchase can be found here. Company insiders own 1.11% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in ADM. Norges Bank acquired a new stake in Archer Daniels Midland during the 4th quarter worth about $225,928,000. Victory Capital Management Inc. boosted its position in Archer Daniels Midland by 16.2% during the 1st quarter. Victory Capital Management Inc. now owns 7,419,496 shares of the company’s stock worth $320,002,000 after acquiring an additional 1,035,546 shares during the period. Geode Capital Management LLC boosted its position in Archer Daniels Midland by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 8,128,709 shares of the company’s stock worth $332,509,000 after acquiring an additional 700,278 shares during the period. Two Sigma Advisers LP boosted its position in Archer Daniels Midland by 379.3% during the 4th quarter. Two Sigma Advisers LP now owns 807,976 shares of the company’s stock worth $33,103,000 after acquiring an additional 639,400 shares during the period. Finally, Nordea Investment Management AB boosted its position in Archer Daniels Midland by 258.1% during the 4th quarter. Nordea Investment Management AB now owns 868,695 shares of the company’s stock worth $35,589,000 after acquiring an additional 626,125 shares during the period. Hedge funds and other institutional investors own 75.96% of the company’s stock.
Shares of ADM stock opened at $41.73 on Friday. The company’s 50-day moving average price is $40.37. Archer Daniels Midland has a fifty-two week low of $37.77 and a fifty-two week high of $52.06. The company has a market capitalization of $23.55 billion, a PE ratio of 11.92 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.52 and a quick ratio of 0.85.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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