Archer Daniels Midland (NYSE:ADM) announced its quarterly earnings results on Wednesday. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.34, MarketWatch Earnings reports. Archer Daniels Midland had a return on equity of 10.81% and a net margin of 2.75%. The firm had revenue of $16.28 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year.
Shares of ADM stock opened at $42.83 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 18.35. Archer Daniels Midland has a one year low of $28.92 and a one year high of $47.20. The company’s 50-day simple moving average is $40.26 and its 200-day simple moving average is $39.19. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 13.60 and a beta of 0.93.
ADM has been the subject of several recent research reports. Zacks Investment Research downgraded Archer Daniels Midland from a “buy” rating to a “hold” rating and set a $37.00 price target for the company. in a report on Monday, April 6th. Seaport Global Securities initiated coverage on Archer Daniels Midland in a report on Tuesday. They issued a “buy” rating and a $51.00 price target for the company. Stephens initiated coverage on Archer Daniels Midland in a report on Thursday, July 9th. They issued a “buy” rating and a $52.00 price target for the company. Barclays initiated coverage on Archer Daniels Midland in a report on Tuesday, June 30th. They issued an “overweight” rating and a $52.00 price target for the company. Finally, Credit Suisse Group cut shares of Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $40.00 to $39.00 in a research report on Monday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Archer Daniels Midland has a consensus rating of “Hold” and an average target price of $44.11.
In related news, SVP Christopher M. Cuddy sold 1,929 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $42.76, for a total transaction of $82,484.04. Following the completion of the sale, the senior vice president now directly owns 169,264 shares in the company, valued at $7,237,728.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pierre Dufour bought 1,070 shares of Archer Daniels Midland stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $35.20 per share, with a total value of $37,664.00. Following the completion of the acquisition, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $271,040. The disclosure for this purchase can be found here. Company insiders own 1.27% of the company’s stock.
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. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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