Archer-Daniels-Midland Company (NYSE:ADM) released its earnings results on Tuesday. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10), Bloomberg Earnings reports. The firm had revenue of $14.83 billion during the quarter, compared to analyst estimates of $16 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share.
Shares of Archer-Daniels-Midland (NYSE:ADM) opened at 40.87 on Wednesday. The company has a 50-day moving average of $43.23 and a 200-day moving average of $42.47. Archer-Daniels-Midland has a one year low of $39.95 and a one year high of $47.88. The company has a market capitalization of $22.99 billion, a PE ratio of 17.28 and a beta of 1.12.
Several analysts have issued reports on ADM shares. Monness Crespi & Hardt cut their target price on shares of Archer-Daniels-Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a research note on Wednesday. Piper Jaffray Companies set a $39.00 target price on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Tuesday. Stifel Nicolaus set a $45.00 target price on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Citigroup Inc. downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and boosted their target price for the company from $42.25 to $45.00 in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.42.
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