Archer Daniels Midland Co (NYSE:ADM) Expected to Post Earnings of $0.72 Per Share

Equities research analysts forecast that Archer Daniels Midland Co (NYSE:ADM) will post $0.72 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Archer Daniels Midland’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.60. Archer Daniels Midland reported earnings per share of $0.92 in the same quarter last year, which would suggest a negative year over year growth rate of 21.7%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, November 5th.

On average, analysts expect that Archer Daniels Midland will report full year earnings of $2.73 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.89. For the next year, analysts forecast that the firm will report earnings of $3.49 per share, with EPS estimates ranging from $3.36 to $3.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Archer Daniels Midland.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $16.30 billion for the quarter, compared to the consensus estimate of $16.79 billion. Archer Daniels Midland had a return on equity of 8.53% and a net margin of 2.08%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS.

A number of brokerages recently weighed in on ADM. Robert W. Baird set a $48.00 price objective on Archer Daniels Midland and gave the stock a “buy” rating in a research report on Monday, August 26th. Stifel Nicolaus reduced their price objective on Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. ValuEngine upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Stephens began coverage on Archer Daniels Midland in a research report on Monday, October 7th. They set an “overweight” rating and a $50.00 price objective on the stock. Finally, Buckingham Research reduced their price objective on Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.75.

Shares of ADM stock opened at $40.46 on Wednesday. The firm has a market capitalization of $22.54 billion, a P/E ratio of 11.56 and a beta of 1.07. Archer Daniels Midland has a twelve month low of $36.45 and a twelve month high of $49.77. The company has a quick ratio of 0.89, a current ratio of 1.55 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $39.65 and its 200 day simple moving average is $40.62.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, August 21st. Archer Daniels Midland’s payout ratio is presently 40.00%.

In related news, CEO Juan R. Luciano bought 5,457 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $36.65 per share, with a total value of $199,999.05. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ray G. Young bought 3,400 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $36.74 per share, for a total transaction of $124,916.00. The disclosure for this purchase can be found here. 1.11% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ADM. Buckley Wealth Management LLC lifted its stake in shares of Archer Daniels Midland by 1.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 15,040 shares of the company’s stock valued at $618,000 after purchasing an additional 265 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of Archer Daniels Midland by 1.5% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 18,412 shares of the company’s stock valued at $794,000 after purchasing an additional 272 shares during the period. First Midwest Bank Trust Division lifted its stake in shares of Archer Daniels Midland by 1.0% in the 2nd quarter. First Midwest Bank Trust Division now owns 28,581 shares of the company’s stock valued at $1,166,000 after purchasing an additional 272 shares during the period. Pineno Levin & Ford Asset Management Inc. lifted its stake in shares of Archer Daniels Midland by 0.5% in the 2nd quarter. Pineno Levin & Ford Asset Management Inc. now owns 60,841 shares of the company’s stock valued at $2,482,000 after purchasing an additional 300 shares during the period. Finally, Cornerstone Advisors Inc. lifted its stake in shares of Archer Daniels Midland by 48.9% in the 2nd quarter. Cornerstone Advisors Inc. now owns 917 shares of the company’s stock valued at $37,000 after purchasing an additional 301 shares during the period. 76.08% of the stock is currently owned by hedge funds and other institutional investors.

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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