Stock analysts expect Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) to report earnings of $1.59 per share for the current quarter, reports Zacks Investment Research. Four analysts provided earnings estimates for Archer-Daniels-Midland, with estimates ranging from $1.28 to $1.72. Archer-Daniels-Midland posted earnings of $1.33 per share in the same quarter last year, which would indicate a positive growth rate of 19.5% year over year. The company is due to release its next earnings report on Monday, January 1.
Zacks says analysts expect Archer-Daniels-Midland to report annual earnings of $5.99 per share for the current year, with EPS estimates ranging from $5.00 to $6.70 $. For next year, analysts expect the company to post earnings of $5.78 per share, with EPS estimates ranging from $4.85 to $6.65. Zacks EPS Averages are an average average based on a survey of sell-side research analysts who provide coverage for Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last announced its results on Tuesday, April 26. The company reported EPS of $1.90 for the quarter, beating the consensus estimate of $1.41 by $0.49. The company posted revenue of $23.65 billion for the quarter, versus $20.61 billion expected by analysts. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The company’s revenue for the quarter increased 25.2% year over year. In the same quarter a year earlier, the company had earned earnings per share of $1.39.
ADM has been the subject of several research reports. Credit Suisse Group raised its price target on Archer-Daniels-Midland from $80.00 to $92.00 in a research note on Wednesday, April 27. Bank of America downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised its price target for the stock from $80.00 to $100.00 in a research report from the Tuesday April 19. Morgan Stanley raised its price target on Archer-Daniels-Midland from $67.00 to $69.00 and gave the stock an “equal weight” rating in a Tuesday, January 11 research report. StockNews.com downgraded Archer-Daniels-Midland from a “Strong Buy” rating to a “Buy” rating in a Tuesday, April 26 research report. Finally, Stifel Nicolaus raised his price target on Archer-Daniels-Midland from $80.00 to $100.00 in a research report on Wednesday, April 6. Seven research analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus price target of $84.38.
ADM shares traded at $1.18 during trading hours on Wednesday, hitting $86.15. 55,928 shares of the stock have traded, compared to its average volume of 3,870,690. The company has a current ratio of 1.42, a quick ratio of 0.81 and a leverage ratio of 0.37 . Archer-Daniels-Midland has a 1-year low of $56.91 and a 1-year high of $98.88. The company has a market capitalization of $48.48 billion, a PE ratio of 15.89, a growth price-earnings ratio of 2.34 and a beta of 0.75. The company has a fifty-day moving average of $89.53 and a 200-day moving average of $76.22.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 8. Investors of record on Wednesday, May 18 will receive a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 17. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 1.86%. Archer-Daniels-Midland’s payout ratio is currently 29.47%.
In other Archer-Daniels-Midland news, SVP Gregory A. Morris sold 20,000 shares of the company in a trade that took place on Friday, March 18. The stock was sold at an average price of $83.37, for a total value of $1,667,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, SVP Vincent F. Macciocchi sold 93,110 shares of the company in a transaction that took place on Tuesday, February 15. The shares were sold at an average price of $76.70, for a total value of $7,141,537.00. The disclosure of this sale can be found here. 1.20% of the shares are currently held by insiders of the company.
Hedge funds have recently been buying and selling shares of the company. Hanseatic Management Services Inc. acquired a new equity stake in Archer-Daniels-Midland during the first quarter at a value of $26,000. Hoey Investments Inc. acquired a new stake in the shares of Archer-Daniels-Midland during the first quarter at a value of $27,000. Massmutual Trust Co. FSB ADV increased its stake in Archer-Daniels-Midland by 84.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 316 shares of the company valued at $29,000 after buying an additional 145 shares in the last quarter. Baystate Wealth Management LLC acquired a new position in Archer-Daniels-Midland in the first quarter worth approximately $35,000. Finally, CVA Family Office LLC increased its stake in Archer-Daniels-Midland by 42.6% in the first quarter. CVA Family Office LLC now owns 385 shares of the company valued at $35,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors hold 75.38% of the company’s shares.
About Archer-Daniels-Midland (Get a rating)
Archer-Daniels-Midland Company buys, transports, stores, processes and markets agricultural raw materials, products and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, United Kingdom and the United States. ‘foreign. The Company operates through three segments: Agriculture and Oilseed Services, Carbohydrate Solutions and Nutrition.
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