Archer-Daniels-Midland (ADM) Scheduled to Post Earnings on Tuesday

Archer-Daniels-Midland (NYSE:ADMGet Free Report) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Archer-Daniels-Midland has set its FY 2024 guidance at 5.250-6.250 EPS and its FY24 guidance at $5.25-6.25 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). Archer-Daniels-Midland had a net margin of 3.71% and a return on equity of 15.25%. The business had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.79 billion. During the same period last year, the business posted $1.93 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.4% on a year-over-year basis. On average, analysts expect Archer-Daniels-Midland to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Archer-Daniels-Midland Stock Up 1.4 %

ADM opened at $62.60 on Monday. Archer-Daniels-Midland has a one year low of $50.72 and a one year high of $87.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The company has a market capitalization of $31.41 billion, a PE ratio of 9.78 and a beta of 0.77. The stock’s fifty day moving average is $58.28 and its 200-day moving average is $65.55.

Archer-Daniels-Midland announced that its board has approved a share repurchase plan on Tuesday, March 12th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 8th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 7th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. Archer-Daniels-Midland’s payout ratio is 31.25%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets cut their price target on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a report on Wednesday, March 13th. Robert W. Baird lowered Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $96.00 to $61.00 in a report on Monday, January 22nd. UBS Group restated a “neutral” rating and set a $51.00 price objective (down from $104.00) on shares of Archer-Daniels-Midland in a research report on Friday, January 26th. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, Stifel Nicolaus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating and decreased their target price for the company from $116.00 to $56.00 in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average target price of $67.50.

Check Out Our Latest Stock Report on ADM

Institutional Trading of Archer-Daniels-Midland

A number of institutional investors and hedge funds have recently modified their holdings of ADM. PCA Investment Advisory Services Inc. acquired a new position in Archer-Daniels-Midland during the 2nd quarter worth $25,000. Aspect Partners LLC acquired a new stake in shares of Archer-Daniels-Midland in the fourth quarter worth $35,000. Almanack Investment Partners LLC. acquired a new position in shares of Archer-Daniels-Midland during the third quarter valued at about $43,000. Clarity Asset Management Inc. bought a new stake in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $41,000. Finally, Carolinas Wealth Consulting LLC boosted its stake in Archer-Daniels-Midland by 37.0% during the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock worth $55,000 after buying an additional 164 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

About Archer-Daniels-Midland

(Get Free Report)

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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

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