Archer-Daniels-Midland Company (ADM) Expected to Announce Earnings of $0.66 Per Share

Wall Street brokerages predict that Archer-Daniels-Midland Company (NYSE:ADM) will report earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Archer-Daniels-Midland’s earnings, with estimates ranging from $0.59 to $0.70. Archer-Daniels-Midland posted earnings per share of $0.59 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The company is scheduled to issue its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Archer-Daniels-Midland will report full year earnings of $2.57 per share for the current year, with EPS estimates ranging from $2.49 to $2.62. For the next year, analysts expect that the company will post earnings of $2.89 per share, with EPS estimates ranging from $2.54 to $3.05. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Archer-Daniels-Midland.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Vetr upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price for the company in a report on Wednesday, May 31st. BidaskClub upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.10.

Archer-Daniels-Midland (NYSE:ADM) traded down 0.87% on Thursday, hitting $42.12. 3,733,669 shares of the company’s stock were exchanged. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88. The company has a market cap of $23.69 billion, a PE ratio of 17.81 and a beta of 1.11. The company’s 50-day moving average price is $41.60 and its 200-day moving average price is $43.35.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given a $0.32 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.28 annualized dividend and a yield of 3.04%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 53.78%.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Barings LLC increased its stake in Archer-Daniels-Midland by 43.2% in the first quarter. Barings LLC now owns 184,204 shares of the company’s stock valued at $8,481,000 after buying an additional 55,566 shares during the period. Morgan Stanley increased its stake in Archer-Daniels-Midland by 4.0% in the first quarter. Morgan Stanley now owns 2,363,520 shares of the company’s stock valued at $108,815,000 after buying an additional 90,834 shares during the period. Vanguard Group Inc. increased its stake in Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock valued at $1,998,037,000 after buying an additional 1,672,627 shares during the period. Nicholas Hoffman & Company LLC. increased its stake in Archer-Daniels-Midland by 5.1% in the first quarter. Nicholas Hoffman & Company LLC. now owns 5,695 shares of the company’s stock valued at $262,000 after buying an additional 276 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Archer-Daniels-Midland by 3.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,291,282 shares of the company’s stock valued at $105,491,000 after buying an additional 71,183 shares during the period. Hedge funds and other institutional investors own 73.21% of the company’s stock.

About Archer-Daniels-Midland

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