Wall Street analysts expect Archer Daniels Midland (NYSE:ADM) to announce earnings of $0.59 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Archer Daniels Midland’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.49. Archer Daniels Midland reported earnings per share of $0.60 during the same quarter last year, which suggests a negative year over year growth rate of 1.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, May 1st.
On average, analysts expect that Archer Daniels Midland will report full year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.65 to $2.98. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.72 to $3.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Archer Daniels Midland.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly 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 2.62% and a return on equity of 7.91%. 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 prior year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis.
A number of research firms have recently commented on ADM. Buckingham Research upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and increased their price target for the company from $41.64 to $47.00 in a report on Wednesday, February 28th. Stephens upgraded shares of Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 7th. Zacks Investment Research cut shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Monday, December 18th. Robert W. Baird increased their price target on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, ValuEngine upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.15.
Shares of NYSE:ADM remained flat at $$45.47 during trading on Tuesday. 593,703 shares of the stock were exchanged, compared to its average volume of 3,960,071. Archer Daniels Midland has a 1 year low of $38.59 and a 1 year high of $45.91. 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 stock has a market capitalization of $25,259.54, a PE ratio of 18.74 and a beta of 1.01.
In related news, insider Ambrose Michael D sold 20,762 shares of the firm’s stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $45.00, for a total value of $934,290.00. Following the sale, the insider now owns 219,384 shares in the company, valued at $9,872,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.94% of the company’s stock.
A number of hedge funds have recently modified their holdings of ADM. Ffcm LLC boosted its holdings in Archer Daniels Midland by 126.4% in the fourth quarter. Ffcm LLC now owns 2,551 shares of the company’s stock worth $102,000 after purchasing an additional 1,424 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Archer Daniels Midland by 188.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,554 shares of the company’s stock worth $102,000 after acquiring an additional 1,668 shares during the last quarter. G&S Capital LLC purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth $106,000. CNB Bank purchased a new position in shares of Archer Daniels Midland during the 4th quarter worth $112,000. Finally, Acropolis Investment Management LLC boosted its stake in shares of Archer Daniels Midland by 1,923.9% during the 4th quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after acquiring an additional 3,059 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.
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About Archer Daniels Midland
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.
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