Zacks: Analysts Expect Archer Daniels Midland Co (NYSE:ADM) to Announce $0.82 EPS

Equities research analysts expect Archer Daniels Midland Co (NYSE:ADM) to post $0.82 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Archer Daniels Midland’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.70. Archer Daniels Midland posted earnings of $0.92 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 10.9%. The business is scheduled to report its next earnings report on Tuesday, November 5th.

On average, analysts expect that Archer Daniels Midland will report full-year earnings of $2.92 per share for the current fiscal year, with EPS estimates ranging from $2.71 to $3.11. For the next year, analysts expect that the company will post earnings of $3.58 per share, with EPS estimates ranging from $3.36 to $3.79. Zacks’ earnings per share averages 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 results on Thursday, August 1st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $16.30 billion during the quarter, compared to analyst estimates of $16.79 billion. Archer Daniels Midland had a net margin of 2.08% and a return on equity of 8.53%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 EPS.

A number of equities analysts have commented on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $48.00 price objective (down previously from $54.00) on shares of Archer Daniels Midland in a report on Monday, April 29th. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine lowered shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus cut their price objective on shares of Archer Daniels Midland from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Finally, Buckingham Research cut their price objective on shares of Archer Daniels Midland from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $49.71.

Shares of NYSE:ADM traded down $0.14 during midday trading on Friday, hitting $37.28. 5,583,633 shares of the company’s stock traded hands, compared to its average volume of 3,703,840. Archer Daniels Midland has a twelve month low of $36.45 and a twelve month high of $52.06. The company has a current ratio of 1.55, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $20.70 billion, a P/E ratio of 10.65 and a beta of 1.05. The firm has a fifty day moving average price of $40.81.

In related news, CEO Juan R. Luciano bought 5,457 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $36.65 per share, with a total value of $199,999.05. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ray G. Young bought 3,400 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $36.74 per share, with a total value of $124,916.00. The disclosure for this purchase can be found here. Insiders own 1.11% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADM. Comerica Securities Inc. grew its position in shares of Archer Daniels Midland by 5.1% during the 4th quarter. Comerica Securities Inc. now owns 6,212 shares of the company’s stock valued at $255,000 after buying an additional 301 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Archer Daniels Midland by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,382,794 shares of the company’s stock worth $179,562,000 after acquiring an additional 246,133 shares during the period. Geode Capital Management LLC lifted its stake in shares of Archer Daniels Midland by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 8,128,709 shares of the company’s stock worth $332,509,000 after acquiring an additional 700,278 shares during the period. FMR LLC lifted its stake in shares of Archer Daniels Midland by 12.2% in the 4th quarter. FMR LLC now owns 1,764,646 shares of the company’s stock worth $72,297,000 after acquiring an additional 191,544 shares during the period. Finally, Actinver Wealth Management Inc. acquired a new stake in shares of Archer Daniels Midland in the 4th quarter worth approximately $218,000. 75.65% of the stock is owned by institutional investors.

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 four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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