Archer Daniels Midland (ADM) Expected to Announce Earnings of $0.56 Per Share

Wall Street brokerages expect Archer Daniels Midland (NYSE:ADM) to post $0.56 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Archer Daniels Midland’s earnings, with estimates ranging from $0.45 to $0.65. Archer Daniels Midland reported earnings per share of $0.60 in the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The company is expected to announce 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 $2.91 per share for the current financial year, with EPS estimates ranging from $2.85 to $2.98. For the next financial year, analysts expect that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.80 to $3.25. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Archer Daniels Midland.

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Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $16.07 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter last year, the firm posted $0.75 EPS. Archer Daniels Midland’s revenue was down 2.6% compared to the same quarter last year.

ADM has been the subject of several research reports. Buckingham Research lifted their price target on shares of Archer Daniels Midland from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, April 9th. Robert W. Baird lifted their price target on shares of Archer Daniels Midland from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. ValuEngine downgraded shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Credit Suisse Group lifted their price target on shares of Archer Daniels Midland from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, April 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Archer Daniels Midland presently has an average rating of “Buy” and an average price target of $45.15.

NYSE ADM traded down $0.33 during mid-day trading on Tuesday, hitting $45.16. The company’s stock had a trading volume of 3,582,762 shares, compared to its average volume of 3,963,939. Archer Daniels Midland has a twelve month low of $38.59 and a twelve month high of $46.25. 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 company has a market cap of $25,427.19, a P/E ratio of 18.58 and a beta of 1.01.

In other Archer Daniels Midland news, insider Ambrose Michael D sold 20,762 shares of the firm’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total transaction of $934,290.00. Following the transaction, the insider now directly owns 219,384 shares in the company, valued at approximately $9,872,280. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Hermes Investment Management Ltd. lifted its stake in 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 acquiring an additional 1,200 shares in the last quarter. First Manhattan Co. lifted its stake in 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 acquiring an additional 1,251 shares in the last quarter. Ffcm LLC lifted its stake in 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 acquiring an additional 1,424 shares in the last quarter. Resources Investment Advisors Inc. raised its stake in shares of Archer Daniels Midland by 17.3% during the 4th quarter. Resources Investment Advisors Inc. now owns 11,242 shares of the company’s stock worth $450,000 after purchasing an additional 1,657 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 purchasing an additional 1,668 shares during the period. Institutional investors and hedge funds own 77.44% of the company’s stock.

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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.

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