Archer-Daniels-Midland (ADM) Scheduled to Post Quarterly Earnings on Tuesday

Archer-Daniels-Midland (NYSE:ADM) is set to issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.35 per share for the quarter. Archer-Daniels-Midland has set its FY 2024 guidance at 5.250-6.250 EPS and its FY24 guidance at $5.25-6.25 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The company had revenue of $22.98 billion for the quarter, compared to analyst estimates of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.93 EPS. On average, analysts expect Archer-Daniels-Midland to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Archer-Daniels-Midland Trading Up 1.4 %

Shares of ADM opened at $62.60 on Monday. The stock’s 50-day moving average is $58.28 and its two-hundred day moving average is $65.55. The stock has a market cap of $31.41 billion, a PE ratio of 9.78 and a beta of 0.77. Archer-Daniels-Midland has a 12 month low of $50.72 and a 12 month high of $87.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 0.95.

Archer-Daniels-Midland declared that its board has approved a stock buyback program on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Wednesday, February 7th. This is a boost from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s payout ratio is currently 31.25%.

Analyst Ratings Changes

ADM has been the subject of several recent research reports. Robert W. Baird lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $96.00 to $61.00 in a research note on Monday, January 22nd. Argus lowered shares of Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. The Goldman Sachs Group downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and cut their price target for the company from $90.00 to $67.00 in a report on Monday, January 22nd. Jefferies Financial Group cut their price target on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. Finally, Roth Capital lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $67.50.

Institutional Trading of Archer-Daniels-Midland

Several institutional investors have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Archer-Daniels-Midland by 1.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,171 shares of the company’s stock valued at $1,130,000 after buying an additional 146 shares during the last quarter. Plancorp LLC raised its holdings in shares of Archer-Daniels-Midland by 5.2% in the first quarter. Plancorp LLC now owns 3,308 shares of the company’s stock valued at $299,000 after buying an additional 164 shares during the last quarter. Carolinas Wealth Consulting LLC raised its holdings in shares of Archer-Daniels-Midland by 37.0% in the first quarter. Carolinas Wealth Consulting LLC now owns 607 shares of the company’s stock valued at $55,000 after buying an additional 164 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Archer-Daniels-Midland by 36.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 658 shares of the company’s stock valued at $61,000 after buying an additional 175 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in shares of Archer-Daniels-Midland by 7.0% in the second quarter. CreativeOne Wealth LLC now owns 2,688 shares of the company’s stock valued at $204,000 after buying an additional 175 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.