Zacks Research Weighs in on Archer-Daniels-Midland Company’s Q2 2024 Earnings (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADM) – Equities research analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for Archer-Daniels-Midland in a report issued on Tuesday, May 21st. Zacks Research analyst R. Lohia now expects that the company will post earnings per share of $1.34 for the quarter, down from their previous estimate of $1.42. The consensus estimate for Archer-Daniels-Midland’s current full-year earnings is $5.60 per share. Zacks Research also issued estimates for Archer-Daniels-Midland’s Q1 2025 earnings at $1.37 EPS, FY2025 earnings at $5.48 EPS, Q1 2026 earnings at $1.58 EPS and FY2026 earnings at $5.58 EPS.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. The company had revenue of $21.85 billion during the quarter, compared to analyst estimates of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS.

ADM has been the subject of several other reports. Jefferies Financial Group lowered their target price on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. BMO Capital Markets cut their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 13th. Bank of America lowered their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. UBS Group reiterated a “neutral” rating and set a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. Finally, TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Stock Up 1.0 %

Shares of NYSE ADM opened at $61.91 on Wednesday. Archer-Daniels-Midland has a 52-week low of $50.72 and a 52-week high of $87.30. The firm has a market capitalization of $30.61 billion, a price-to-earnings ratio of 10.86 and a beta of 0.78. The stock has a 50 day moving average price of $61.52 and a 200 day moving average price of $63.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47.

Archer-Daniels-Midland Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is 35.09%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 12th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Archer-Daniels-Midland

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC acquired a new stake in shares of Archer-Daniels-Midland during the first quarter worth about $27,000. Orion Capital Management LLC acquired a new stake in Archer-Daniels-Midland during the 3rd quarter valued at approximately $28,000. Tompkins Financial Corp purchased a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at $28,000. Operose Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the third quarter worth $30,000. Finally, Crewe Advisors LLC acquired a new position in Archer-Daniels-Midland during the first quarter valued at $30,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.