Archer-Daniels-Midland (NYSE:ADM) Releases FY 2024 Earnings Guidance

Archer-Daniels-Midland (NYSE:ADM) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.500-5.000 for the period, compared to the consensus estimate of 5.230. The company issued revenue guidance of -. Archer-Daniels-Midland also updated its FY24 guidance to $4.50-5.00 EPS.

Analyst Ratings Changes

A number of equities research analysts recently commented on ADM shares. Citigroup decreased their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group increased their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $63.82.

Archer-Daniels-Midland Price Performance

Shares of NYSE:ADM traded up $1.56 during trading on Wednesday, reaching $53.56. 3,084,973 shares of the company’s stock traded hands, compared to its average volume of 4,266,603. The firm has a market cap of $25.61 billion, a PE ratio of 10.44 and a beta of 0.73. Archer-Daniels-Midland has a fifty-two week low of $48.92 and a fifty-two week high of $77.35. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $58.56 and a 200-day simple moving average of $60.24.

Insider Activity

In related news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 170,194 shares of Archer-Daniels-Midland stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at $16,177,810. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock worth $13,296,833 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

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.