$0.54 Earnings Per Share Expected for Archer-Daniels-Midland Company (ADM) This Quarter

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.

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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

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