Analysts Expect Archer-Daniels-Midland Company (NYSE:ADM) Will Announce Quarterly Sales of $19.14 Billion

Wall Street analysts expect Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) to post $19.14 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Archer-Daniels-Midland’s earnings. The lowest sales estimate is $17.91 billion and the highest is $20.28 billion. Archer-Daniels-Midland reported sales of $18.89 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Archer-Daniels-Midland will report full-year sales of $86.42 billion for the current financial year, with estimates ranging from $80.99 billion to $90.74 billion. For the next financial year, analysts anticipate that the business will report sales of $84.05 billion, with estimates ranging from $72.76 billion to $92.69 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Archer-Daniels-Midland.

Archer-Daniels-Midland (NYSE:ADM – Get Rating) last posted its earnings results on Tuesday, January 25th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.14. The firm had revenue of $23.09 billion during the quarter, compared to analysts’ expectations of $20.21 billion. Archer-Daniels-Midland had a return on equity of 13.50% and a net margin of 3.18%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 earnings per share.

ADM has been the subject of several recent analyst reports. Bank of America cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $80.00 to $100.00 in a research note on Tuesday. Argus lifted their price target on Archer-Daniels-Midland from $72.00 to $74.00 in a research report on Monday, January 3rd. Zacks Investment Research lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating and set a $98.00 price target on the stock. in a research report on Tuesday, March 29th. Barclays lifted their price target on Archer-Daniels-Midland from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Morgan Stanley lifted their price target on Archer-Daniels-Midland from $67.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 11th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $78.07.

ADM stock opened at $92.18 on Friday. The business has a 50 day moving average price of $86.53 and a 200 day moving average price of $73.99. The stock has a market cap of $51.85 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 10.53 and a beta of 0.79. Archer-Daniels-Midland has a fifty-two week low of $56.91 and a fifty-two week high of $98.88. The company has a quick ratio of 0.79, a current ratio of 1.45 and a debt-to-equity ratio of 0.36.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 8th were issued a $0.40 dividend. The ex-dividend date was Monday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.37. Archer-Daniels-Midland’s payout ratio is presently 33.40%.

In related news, SVP Vincent F. Macciocchi sold 93,110 shares of Archer-Daniels-Midland stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $76.70, for a total value of $7,141,537.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Juan R. Luciano sold 268,249 shares of Archer-Daniels-Midland stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of $74.57, for a total value of $20,003,327.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 576,726 shares of company stock worth $43,834,804. Company insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its position in Archer-Daniels-Midland by 84.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 316 shares of the company’s stock worth $29,000 after purchasing an additional 145 shares in the last quarter. Baystate Wealth Management LLC purchased a new stake in Archer-Daniels-Midland during the first quarter worth $35,000. CVA Family Office LLC boosted its position in Archer-Daniels-Midland by 42.6% during the first quarter. CVA Family Office LLC now owns 385 shares of the company’s stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Curi Wealth Management LLC purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $27,000. Finally, Bivin & Associates Inc. purchased a new stake in Archer-Daniels-Midland during the fourth quarter worth $28,000. Institutional investors own 75.59% of the company’s stock.

About Archer-Daniels-Midland (Get Rating)

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.

Recommended Stories