Archer Daniels Midland (NYSE:ADM) issued its quarterly earnings results on Tuesday. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.12, Bloomberg Earnings reports. The business had revenue of $16.07 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS.

Archer Daniels Midland (NYSE:ADM) opened at $42.00 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. Archer Daniels Midland has a one year low of $38.59 and a one year high of $47.44. The firm has a market cap of $22,705.56, a price-to-earnings ratio of 19.63 and a beta of 1.11.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.335 per share. This is a boost from Archer Daniels Midland’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.19%. Archer Daniels Midland’s payout ratio is 59.81%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADM. Thrivent Financial For Lutherans lifted its stake in shares of Archer Daniels Midland by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 21,528 shares of the company’s stock valued at $891,000 after buying an additional 720 shares in the last quarter. FMR LLC lifted its stake in shares of Archer Daniels Midland by 33.5% during the 2nd quarter. FMR LLC now owns 1,242,184 shares of the company’s stock valued at $51,403,000 after buying an additional 311,918 shares in the last quarter. Numeric Investors LLC purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $265,000. QS Investors LLC lifted its stake in shares of Archer Daniels Midland by 1.2% during the 2nd quarter. QS Investors LLC now owns 47,681 shares of the company’s stock valued at $1,973,000 after buying an additional 580 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Archer Daniels Midland by 3.4% during the 2nd quarter. Royal Bank of Canada now owns 595,684 shares of the company’s stock valued at $24,649,000 after buying an additional 19,773 shares in the last quarter. Institutional investors own 76.33% of the company’s stock.

Several research analysts have recently weighed in on the stock. Stephens upgraded shares of Archer Daniels Midland from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Zacks Investment Research cut shares of Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Monday, December 18th. TheStreet cut shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a research note on Tuesday, October 31st. BMO Capital Markets dropped their price target on shares of Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 1st. Finally, Monness Crespi & Hardt dropped their price target 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, November 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.97.

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Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.

Earnings History for Archer Daniels Midland (NYSE:ADM)

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