Archer-Daniels-Midland (ADM) to Release Quarterly Earnings on Thursday

Archer-Daniels-Midland (NYSE:ADMGet Rating) is set to announce its earnings results before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $1.64 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Archer-Daniels-Midland (NYSE:ADMGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.42 by $0.44. Archer-Daniels-Midland had a net margin of 4.16% and a return on equity of 17.75%. The business had revenue of $24.68 billion during the quarter, compared to analyst estimates of $22.21 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, analysts expect Archer-Daniels-Midland to post $8 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Archer-Daniels-Midland Stock Up 1.7 %

Shares of NYSE ADM traded up $1.42 during midday trading on Tuesday, hitting $85.77. The company’s stock had a trading volume of 2,456,697 shares, compared to its average volume of 3,848,204. The business’s fifty day simple moving average is $91.58 and its two-hundred day simple moving average is $87.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.51 and a quick ratio of 0.93. Archer-Daniels-Midland has a 1 year low of $65.64 and a 1 year high of $98.88. The firm has a market capitalization of $47.12 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th were paid a $0.40 dividend. The ex-dividend date was Tuesday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. Archer-Daniels-Midland’s dividend payout ratio is currently 22.07%.

Insider Activity

In other news, SVP D Cameron Findlay sold 26,198 shares of Archer-Daniels-Midland stock in a transaction on Monday, December 12th. The shares were sold at an average price of $92.64, for a total value of $2,426,982.72. Following the transaction, the senior vice president now directly owns 284,987 shares of the company’s stock, valued at approximately $26,401,195.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 300,000 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $93.38, for a total transaction of $28,014,000.00. Following the sale, the chief executive officer now directly owns 412,842 shares in the company, valued at approximately $38,551,185.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP D Cameron Findlay sold 26,198 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $92.64, for a total transaction of $2,426,982.72. Following the sale, the senior vice president now owns 284,987 shares in the company, valued at $26,401,195.68. The disclosure for this sale can be found here. Insiders have sold 352,396 shares of company stock valued at $32,972,495 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Archer-Daniels-Midland

Institutional investors have recently made changes to their positions in the stock. Almanack Investment Partners LLC. purchased a new stake in shares of Archer-Daniels-Midland during the 3rd quarter worth $43,000. Carolinas Wealth Consulting LLC boosted its position in shares of Archer-Daniels-Midland by 37.0% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock worth $55,000 after purchasing an additional 164 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Archer-Daniels-Midland by 283.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 766 shares of the company’s stock worth $59,000 after purchasing an additional 566 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth about $202,000. Finally, XTX Topco Ltd purchased a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth about $207,000. 78.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADM shares. Robert W. Baird lifted their price target on shares of Archer-Daniels-Midland from $94.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 26th. StockNews.com upgraded shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 20th. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $104.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, October 24th. Stifel Nicolaus lifted their price target on shares of Archer-Daniels-Midland from $114.00 to $116.00 in a research note on Tuesday, January 3rd. Finally, UBS Group began coverage on shares of Archer-Daniels-Midland in a research report on Tuesday, December 13th. They set a “buy” rating and a $115.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

About Archer-Daniels-Midland

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Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

See Also

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

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