Zacks: Analysts Anticipate Archer Daniels Midland Co (ADM) Will Announce Earnings of $0.77 Per Share
Equities research analysts forecast that Archer Daniels Midland Co (NYSE:ADM) will announce earnings per share of $0.77 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archer Daniels Midland’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.73. Archer Daniels Midland posted earnings of $0.45 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 71.1%. The business is scheduled to announce its next earnings report on Tuesday, October 30th.
On average, analysts expect that Archer Daniels Midland will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.26 to $3.60. For the next year, analysts expect that the business will post earnings of $3.52 per share, with EPS estimates ranging from $3.40 to $3.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Archer Daniels Midland.
Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.25. Archer Daniels Midland had a net margin of 3.05% and a return on equity of 9.19%. The firm had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $15.48 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis.
In related news, VP John P. Stott sold 4,243 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $49.40, for a total transaction of $209,604.20. Following the transaction, the vice president now owns 35,385 shares in the company, valued at $1,748,019. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph D. Taets sold 3,218 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $49.10, for a total transaction of $158,003.80. Following the transaction, the insider now owns 182,770 shares in the company, valued at approximately $8,974,007. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,312 shares of company stock worth $5,987,697. 2.70% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its position in Archer Daniels Midland by 26.6% in the first quarter. American Century Companies Inc. now owns 19,635 shares of the company’s stock worth $852,000 after acquiring an additional 4,126 shares during the period. Korea Investment CORP raised its position in Archer Daniels Midland by 28.1% in the first quarter. Korea Investment CORP now owns 146,384 shares of the company’s stock worth $6,349,000 after acquiring an additional 32,138 shares during the period. Envestnet Asset Management Inc. raised its position in Archer Daniels Midland by 4.9% in the first quarter. Envestnet Asset Management Inc. now owns 74,127 shares of the company’s stock worth $3,217,000 after acquiring an additional 3,493 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Archer Daniels Midland by 5.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 50,692 shares of the company’s stock worth $2,199,000 after acquiring an additional 2,409 shares during the period. Finally, Eagle Asset Management Inc. bought a new position in Archer Daniels Midland in the first quarter worth approximately $1,753,000. Institutional investors own 75.79% of the company’s stock.
Shares of NYSE:ADM traded down $0.01 during trading on Thursday, reaching $50.32. 5,380,988 shares of the stock traded hands, compared to its average volume of 2,851,385. Archer Daniels Midland has a 52-week low of $38.59 and a 52-week high of $51.11. The company has a quick ratio of 0.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.32. The stock has a market cap of $28.17 billion, a price-to-earnings ratio of 20.71 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Thursday, August 16th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $1.34 dividend on an annualized basis and a yield of 2.66%. Archer Daniels Midland’s dividend payout ratio (DPR) is 55.14%.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
Recommended Story: Market Capitalization
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.