Equities analysts forecast that Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) will post $25.08 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Archer-Daniels-Midland’s earnings, with estimates ranging from $24.13 billion to $26.54 billion. Archer-Daniels-Midland posted sales of $22.93 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Archer-Daniels-Midland will report full-year sales of $93.84 billion for the current year, with estimates ranging from $88.02 billion to $101.77 billion. For the next year, analysts forecast that the company will report sales of $92.79 billion, with estimates ranging from $88.52 billion to $96.87 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Archer-Daniels-Midland.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.55. Archer-Daniels-Midland had a return on equity of 14.40% and a net margin of 3.42%. The business had revenue of $23.65 billion for the quarter, compared to the consensus estimate of $20.61 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The company’s quarterly revenue was up 25.2% compared to the same quarter last year.
In related news, SVP Vincent F. Macciocchi sold 93,110 shares of Archer-Daniels-Midland stock in a transaction on Tuesday, February 15th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory A. Morris sold 20,000 shares of the firm’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $83.37, for a total value of $1,667,400.00. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Hanseatic Management Services Inc. bought a new stake in shares of Archer-Daniels-Midland in the 1st quarter worth approximately $26,000. Curi Wealth Management LLC bought a new position in Archer-Daniels-Midland in the 4th quarter worth about $27,000. Hoey Investments Inc. bought a new position in Archer-Daniels-Midland during the 1st quarter valued at about $27,000. Wagner Wealth Management LLC increased its position in shares of Archer-Daniels-Midland by 65.0% during the 3rd quarter. Wagner Wealth Management LLC now owns 429 shares of the company’s stock valued at $28,000 after purchasing an additional 169 shares during the last quarter. Finally, Bivin & Associates Inc. purchased a new stake in Archer-Daniels-Midland in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 75.38% of the company’s stock.
Shares of NYSE ADM opened at $84.44 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $47.52 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 2.34 and a beta of 0.75. Archer-Daniels-Midland has a 12-month low of $56.91 and a 12-month high of $98.88. The stock’s fifty day simple moving average is $89.61 and its two-hundred day simple moving average is $76.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Wednesday, May 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, May 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 29.47%.
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.
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