Analysts predict that Archer Daniels Midland Co (NYSE:ADM) will report earnings of $0.60 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Archer Daniels Midland’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.63. Archer Daniels Midland also posted earnings per share of $0.60 in the same quarter last year. The business is expected to issue its next earnings results on Tuesday, May 1st.
On average, analysts expect that Archer Daniels Midland will report full-year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.65 to $2.88. For the next financial year, analysts forecast that the business will report earnings of $3.01 per share, with EPS estimates ranging from $2.72 to $3.24. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Archer Daniels Midland.
Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a net margin of 2.50% and a return on equity of 8.90%. The firm had revenue of $16.07 billion for the quarter, compared to analysts’ expectations of $16.64 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was down 2.6% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hermes Investment Management Ltd. increased its position in shares of Archer Daniels Midland by 6.1% during the 4th quarter. Hermes Investment Management Ltd. now owns 20,950 shares of the company’s stock valued at $840,000 after purchasing an additional 1,200 shares during the last quarter. First Manhattan Co. increased its position in shares of Archer Daniels Midland by 23.3% during the 4th quarter. First Manhattan Co. now owns 6,609 shares of the company’s stock valued at $264,000 after purchasing an additional 1,251 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Archer Daniels Midland by 3.9% during the 3rd quarter. Nordea Investment Management AB now owns 34,489 shares of the company’s stock valued at $1,466,000 after purchasing an additional 1,307 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Archer Daniels Midland by 1.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 87,103 shares of the company’s stock valued at $3,703,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Ffcm LLC increased its position in shares of Archer Daniels Midland by 126.4% during the 4th quarter. Ffcm LLC now owns 2,551 shares of the company’s stock valued at $102,000 after purchasing an additional 1,424 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
Shares of Archer Daniels Midland (ADM) traded up $0.52 during trading on Friday, reaching $42.16. 2,355,350 shares of the company were exchanged, compared to its average volume of 3,890,666. The company has a market cap of $23,630.00, a PE ratio of 19.97 and a beta of 1.11. Archer Daniels Midland has a 52 week low of $38.59 and a 52 week high of $47.44. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.335 per share. The ex-dividend date is Friday, February 16th. This represents a $1.34 annualized dividend and a yield of 3.18%. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.32. Archer Daniels Midland’s dividend payout ratio is currently 63.51%.
Archer Daniels Midland Company Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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