Archer Daniels Midland Co (NYSE:ADM) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.35 per share on Thursday, December 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.21%.
Shares of ADM stock traded up $0.72 on Thursday, hitting $43.60. 100,942 shares of the stock traded hands, compared to its average volume of 2,738,228. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.60 and a quick ratio of 0.92. The company has a market capitalization of $23.97 billion, a PE ratio of 12.45 and a beta of 1.10. Archer Daniels Midland has a 1-year low of $36.45 and a 1-year high of $48.99. The company’s fifty day moving average is $40.72 and its 200 day moving average is $40.38.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. The business had revenue of $16.73 billion for the quarter, compared to analyst estimates of $16.18 billion. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. As a group, equities research analysts expect that Archer Daniels Midland will post 2.57 EPS for the current year.
Several research firms recently issued reports on ADM. Peel Hunt reissued a “hold” rating on shares of Archer Daniels Midland in a research report on Tuesday, October 22nd. Robert W. Baird set a $48.00 price target on Archer Daniels Midland and gave the company a “buy” rating in a research report on Monday, August 26th. ValuEngine raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Barclays reissued an “overweight” rating on shares of Archer Daniels Midland in a research report on Thursday, October 24th. Finally, Credit Suisse Group dropped their price target on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.38.
Archer Daniels Midland Company Profile
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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