Archer-Daniels-Midland Company (NYSE:ADM) Expected to Announce Quarterly Sales of $15.89 Billion
Equities analysts forecast that Archer-Daniels-Midland Company (NYSE:ADM) will report sales of $15.89 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Archer-Daniels-Midland’s earnings. The lowest sales estimate is $15.64 billion and the highest is $16.14 billion. Archer-Daniels-Midland reported sales of $15.83 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The company is scheduled to announce its next earnings report on Tuesday, November 7th.
On average, analysts expect that Archer-Daniels-Midland will report full-year sales of $15.89 billion for the current year, with estimates ranging from $61.97 billion to $63.51 billion. For the next year, analysts forecast that the company will report sales of $63.39 billion per share, with estimates ranging from $62.42 billion to $64.06 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS.
A number of brokerages recently weighed in on ADM. BidaskClub raised shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Credit Suisse Group set a $45.00 target price on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $41.00 target price on shares of Archer-Daniels-Midland in a research note on Tuesday, June 27th. Vetr raised shares of Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 target price on the stock in a research note on Wednesday, May 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $45.10.
Archer-Daniels-Midland (NYSE:ADM) opened at 41.26 on Friday. The firm has a market capitalization of $23.21 billion, a P/E ratio of 17.45 and a beta of 1.11. The firm’s 50-day moving average is $41.60 and its 200-day moving average is $43.33. Archer-Daniels-Midland has a 52-week low of $40.22 and a 52-week high of $47.88.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, August 15th. Archer-Daniels-Midland’s payout ratio is presently 53.78%.
Hedge funds have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. increased its stake in Archer-Daniels-Midland by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 15,345 shares of the company’s stock valued at $661,000 after buying an additional 305 shares during the period. Van Cleef Asset Management Inc increased its stake in Archer-Daniels-Midland by 0.7% in the first quarter. Van Cleef Asset Management Inc now owns 184,631 shares of the company’s stock valued at $8,500,000 after buying an additional 1,213 shares during the period. CAPROCK Group Inc. increased its stake in Archer-Daniels-Midland by 5.8% in the first quarter. CAPROCK Group Inc. now owns 7,257 shares of the company’s stock valued at $334,000 after buying an additional 400 shares during the period. Candriam Luxembourg S.C.A. increased its stake in Archer-Daniels-Midland by 28.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 37,474 shares of the company’s stock valued at $1,725,000 after buying an additional 8,277 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in Archer-Daniels-Midland during the first quarter valued at $228,000. Hedge funds and other institutional investors own 73.21% of the company’s stock.
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Archer-Daniels-Midland Company Profile
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