$0.64 Earnings Per Share Expected for Archer-Daniels-Midland Company (ADM) This Quarter
Equities research analysts expect Archer-Daniels-Midland Company (NYSE:ADM) to report earnings of $0.64 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Archer-Daniels-Midland’s earnings, with estimates ranging from $0.59 to $0.67. 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 8.5%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 31st.
According to Zacks, analysts expect that Archer-Daniels-Midland will report full-year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.65. For the next year, analysts expect that the business will report earnings of $2.88 per share, with EPS estimates ranging from $2.54 to $3.00. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis.
Several research firms recently weighed in on ADM. Credit Suisse Group set a $45.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a report on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. BMO Capital Markets restated a “hold” rating and issued a $41.00 price objective on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Robert W. Baird began coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Piper Jaffray Companies set a $42.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.47.
Shares of Archer-Daniels-Midland (NYSE ADM) traded up 1.011% on Thursday, reaching $43.465. 1,115,609 shares of the company’s stock traded hands. The stock has a 50-day moving average of $42.56 and a 200 day moving average of $42.76. Archer-Daniels-Midland has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market cap of $24.45 billion, a P/E ratio of 18.378 and a beta of 1.12.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.28 annualized dividend and a yield of 2.97%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 53.78%.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Marea Informative and is owned by of Marea Informative. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at http://www.mareainformativa.com/0-64-earnings-per-share-expected-for-archer-daniels-midland-company-adm-this-quarter/117446/.
A number of institutional investors and hedge funds have recently bought and sold shares of ADM. Guardian Life Insurance Co. of America grew its stake in Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after purchasing an additional 8 shares during the last quarter. Enterprise Financial Services Corp grew its stake in shares of Archer-Daniels-Midland by 17.7% during the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 28.3% during the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Point72 Asia Hong Kong Ltd grew its stake in shares of Archer-Daniels-Midland by 681.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after acquiring an additional 2,963 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its stake in shares of Archer-Daniels-Midland by 24.7% during the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
Archer-Daniels-Midland Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Archer-Daniels-Midland Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland Company and related stocks with our FREE daily email newsletter.