Q2 2024 EPS Estimates for Archer-Daniels-Midland Company (NYSE:ADM) Decreased by Analyst

Archer-Daniels-Midland Company (NYSE:ADM) – Investment analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for Archer-Daniels-Midland in a research report issued on Tuesday, May 21st. Zacks Research analyst R. Lohia now expects that the company will post earnings per share of $1.34 for the quarter, down from their prior estimate of $1.42. The consensus estimate for Archer-Daniels-Midland’s current full-year earnings is $5.60 per share. Zacks Research also issued estimates for Archer-Daniels-Midland’s Q1 2025 earnings at $1.37 EPS, FY2025 earnings at $5.48 EPS, Q1 2026 earnings at $1.58 EPS and FY2026 earnings at $5.58 EPS.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The company had revenue of $21.85 billion for the quarter, compared to the consensus estimate of $22.26 billion. Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. Archer-Daniels-Midland’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS.

Other analysts also recently issued research reports about the company. Jefferies Financial Group dropped their price objective on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. UBS Group reissued a “neutral” rating and issued a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a report on Friday, January 26th. BMO Capital Markets lowered their price objective on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 13th. Bank of America cut their target price on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Finally, Citigroup lifted their price target on shares of Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM opened at $60.73 on Wednesday. Archer-Daniels-Midland has a 12 month low of $50.72 and a 12 month high of $87.30. The stock has a market cap of $30.03 billion, a price-to-earnings ratio of 10.65 and a beta of 0.78. The stock’s 50 day moving average price is $61.57 and its 200 day moving average price is $63.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Archer-Daniels-Midland by 12.1% in the 1st quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after purchasing an additional 7,320,289 shares during the last quarter. Norges Bank bought a new stake in shares of Archer-Daniels-Midland during the 4th quarter worth about $420,457,000. Morgan Stanley increased its holdings in shares of Archer-Daniels-Midland by 41.8% during the 3rd quarter. Morgan Stanley now owns 8,641,438 shares of the company’s stock valued at $651,737,000 after acquiring an additional 2,547,232 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Archer-Daniels-Midland by 141.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock worth $187,885,000 after acquiring an additional 1,753,077 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Archer-Daniels-Midland by 11.1% during the fourth quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after acquiring an additional 1,532,284 shares during the period. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Insider Buying and Selling

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland declared that its board has authorized a stock repurchase program on Tuesday, March 12th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Archer-Daniels-Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland’s payout ratio is 35.09%.

Archer-Daniels-Midland Company Profile

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.