Equities analysts predict that Archer Daniels Midland Co (NYSE:ADM) will post $0.76 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Archer Daniels Midland’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.84. Archer Daniels Midland posted earnings per share of $0.57 in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings results before the market opens on Tuesday, July 31st.
On average, analysts expect that Archer Daniels Midland will report full-year earnings of $3.09 per share for the current year, with EPS estimates ranging from $2.87 to $3.30. For the next year, analysts forecast that the business will report earnings of $3.17 per share, with EPS estimates ranging from $2.90 to $3.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Archer Daniels Midland.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings data on Tuesday, May 1st. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.21. Archer Daniels Midland had a net margin of 2.69% and a return on equity of 7.96%. The company had revenue of $15.53 billion during the quarter, compared to analyst estimates of $15.35 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis.
A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Friday, April 13th. Monness Crespi & Hardt upgraded shares of Archer Daniels Midland from a “sell” rating to a “neutral” rating in a report on Wednesday, May 2nd. Citigroup boosted their price objective on shares of Archer Daniels Midland from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Credit Suisse Group boosted their price objective on shares of Archer Daniels Midland from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, April 6th. Finally, Buckingham Research boosted their price objective on shares of Archer Daniels Midland from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, April 9th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.45.
NYSE ADM traded down $0.36 during mid-day trading on Monday, reaching $45.83. The stock had a trading volume of 3,162,940 shares, compared to its average volume of 3,725,110. Archer Daniels Midland has a 1 year low of $38.59 and a 1 year high of $46.79. The firm has a market cap of $25.83 billion, a P/E ratio of 18.86 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 1.57 and a debt-to-equity ratio of 0.36.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th were paid a dividend of $0.335 per share. The ex-dividend date was Wednesday, May 16th. This represents a $1.34 dividend on an annualized basis and a yield of 2.92%. Archer Daniels Midland’s dividend payout ratio is presently 55.14%.
In other news, VP John P. Stott sold 2,133 shares of the company’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $46.50, for a total value of $99,184.50. Following the completion of the sale, the vice president now directly owns 39,628 shares in the company, valued at approximately $1,842,702. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ambrose Michael D sold 20,762 shares of the company’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total value of $934,290.00. Following the completion of the sale, the insider now owns 219,384 shares of the company’s stock, valued at $9,872,280. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. BB&T Securities LLC increased its stake in shares of Archer Daniels Midland by 17.1% in the 4th quarter. BB&T Securities LLC now owns 21,047 shares of the company’s stock worth $843,000 after purchasing an additional 3,076 shares in the last quarter. Investors Research Corp bought a new position in Archer Daniels Midland in the 4th quarter worth $385,000. Geode Capital Management LLC boosted its holdings in 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. Cambridge Investment Research Advisors Inc. boosted its holdings in Archer Daniels Midland by 11.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 48,283 shares of the company’s stock worth $1,935,000 after buying an additional 4,941 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Archer Daniels Midland by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 952,982 shares of the company’s stock worth $41,331,000 after buying an additional 19,336 shares during the period. Hedge funds and other institutional investors own 75.70% of the company’s stock.
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. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.