Wall Street brokerages forecast that Archer-Daniels-Midland Company (NYSE:ADM) will report earnings of $0.54 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Archer-Daniels-Midland’s earnings, with estimates ranging from $0.49 to $0.62. Archer-Daniels-Midland reported earnings of $0.41 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 31.7%. The firm is scheduled to issue its next earnings report before the market opens on Tuesday, August 1st.
On average, analysts expect that Archer-Daniels-Midland will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.70. For the next year, analysts forecast that the business will report earnings of $2.91 per share, with EPS estimates ranging from $2.66 to $3.05. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Archer-Daniels-Midland had a net margin of 2.21% and a return on equity of 7.88%. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.15 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year.
Several analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Archer-Daniels-Midland from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 4th. Credit Suisse Group reiterated a “hold” rating and set a $46.00 target price on shares of Archer-Daniels-Midland in a report on Friday, April 7th. Zacks Investment Research cut Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 31st. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Vetr upgraded 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $45.53.
TRADEMARK VIOLATION WARNING: This report was originally published by BNB Daily and is the sole property of of BNB Daily. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/0-54-earnings-per-share-expected-for-archer-daniels-midland-company-adm-this-quarter-updated-updated-updated.html.
Institutional investors have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America boosted its position in shares of 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 buying an additional 8 shares during the last quarter. Ledyard National Bank bought a new position in shares of Archer-Daniels-Midland during the first quarter valued at $120,000. Whittier Trust Co. boosted its position in shares of Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its position in shares of Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares during the last quarter. Finally, V Wealth Management LLC boosted its position in shares of Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after buying an additional 22 shares during the last quarter. Institutional investors own 72.64% of the company’s stock.
Shares of Archer-Daniels-Midland (NYSE:ADM) traded up 0.53% on Friday, hitting $41.48. The stock had a trading volume of 1,657,864 shares. The company has a market capitalization of $23.58 billion, a P/E ratio of 17.56 and a beta of 1.10. The firm has a 50 day moving average price of $41.55 and a 200 day moving average price of $43.61. Archer-Daniels-Midland has a one year low of $40.22 and a one year high of $47.88.
Archer-Daniels-Midland Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.