Zacks: Analysts Anticipate Archer-Daniels-Midland Company (NYSE:ADM) to Post $0.98 Earnings Per Share

Equities analysts forecast that Archer-Daniels-Midland Company (NYSE:ADM) will report $0.98 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Archer-Daniels-Midland’s earnings, with estimates ranging from $0.95 to $1.02. Archer-Daniels-Midland posted earnings per share of $0.85 during the same quarter last year, which would indicate a positive year over year growth rate of 15.3%. The firm is expected to issue its next earnings results before the market opens on Tuesday, July 27th.

According to Zacks, analysts expect that Archer-Daniels-Midland will report full year earnings of $4.55 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.83. For the next fiscal year, analysts anticipate that the business will post earnings of $4.36 per share, with EPS estimates ranging from $3.75 to $4.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Archer-Daniels-Midland.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings data on Monday, April 26th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.39. The business had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $16.13 billion. Archer-Daniels-Midland had a net margin of 3.03% and a return on equity of 12.28%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share.

Several research firms have weighed in on ADM. Monness Crespi & Hardt lifted their price target on shares of Archer-Daniels-Midland from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, April 28th. Jefferies Financial Group began coverage on shares of Archer-Daniels-Midland in a research report on Wednesday. They set a “hold” rating and a $55.00 price target for the company. BMO Capital Markets lifted their price target on shares of Archer-Daniels-Midland from $56.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 28th. Barclays lifted their price target on shares of Archer-Daniels-Midland from $60.00 to $75.00 in a research note on Monday, May 3rd. Finally, Bank of America initiated coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, April 21st. They set a “buy” rating and a $68.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.92.

A number of hedge funds have recently made changes to their positions in the business. Transform Wealth LLC lifted its holdings in Archer-Daniels-Midland by 64.5% in the 2nd quarter. Transform Wealth LLC now owns 155,656 shares of the company’s stock valued at $9,433,000 after purchasing an additional 61,060 shares in the last quarter. Manning & Napier Group LLC raised its holdings in shares of Archer-Daniels-Midland by 17.6% during the 2nd quarter. Manning & Napier Group LLC now owns 278,588 shares of the company’s stock worth $16,881,000 after acquiring an additional 41,779 shares during the period. CBOE Vest Financial LLC raised its holdings in shares of Archer-Daniels-Midland by 42.5% during the 2nd quarter. CBOE Vest Financial LLC now owns 67,747 shares of the company’s stock worth $4,105,000 after acquiring an additional 20,205 shares during the period. Diversified LLC purchased a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth $237,000. Finally, Insight Folios Inc raised its holdings in shares of Archer-Daniels-Midland by 1.8% during the 2nd quarter. Insight Folios Inc now owns 91,617 shares of the company’s stock worth $5,552,000 after acquiring an additional 1,595 shares during the period. Institutional investors own 77.05% of the company’s stock.

ADM stock traded down $0.73 during midday trading on Friday, hitting $57.37. The stock had a trading volume of 14,112 shares, compared to its average volume of 1,996,563. The firm has a market cap of $32.05 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 2.06 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 0.89 and a debt-to-equity ratio of 0.40. Archer-Daniels-Midland has a 1-year low of $40.59 and a 1-year high of $69.30. The company’s fifty day moving average price is $63.52.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 9th. Stockholders of record on Wednesday, May 19th were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, May 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.58%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 41.23%.

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. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. It procures, stores, cleans, and transports agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, and barley.

Featured Article: The basics of gap trading strategies

Get a free copy of the Zacks research report on Archer-Daniels-Midland (ADM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Archer-Daniels-Midland (NYSE:ADM)

Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.