Archer Daniels Midland (NYSE:ADM) Announces Earnings Results, Beats Estimates By $0.34 EPS

Archer Daniels Midland (NYSE:ADM) released its earnings results on Wednesday. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.34, MarketWatch Earnings reports. The firm had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.41 billion. Archer Daniels Midland had a return on equity of 10.81% and a net margin of 2.75%. Archer Daniels Midland’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share.

ADM opened at $42.83 on Friday. The business’s 50-day simple moving average is $40.26 and its 200-day simple moving average is $39.19. 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 stock has a market capitalization of $23.79 billion, a P/E ratio of 13.60 and a beta of 0.93.

ADM has been the subject of a number of recent research reports. Barclays initiated coverage on Archer Daniels Midland in a report on Tuesday, June 30th. They issued an “overweight” rating and a $52.00 target price for the company. ValuEngine lowered Archer Daniels Midland from a “sell” rating to a “strong sell” rating in a report on Thursday. 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. Stifel Nicolaus decreased their price target on Archer Daniels Midland from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Credit Suisse Group downgraded Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $40.00 to $39.00 in a report on Monday, July 27th. Two research 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 presently has an average rating of “Hold” and an average target price of $44.11.

In related news, SVP Christopher M. Cuddy sold 1,929 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $42.76, for a total value of $82,484.04. Following the transaction, the senior vice president now owns 169,264 shares in the company, valued at approximately $7,237,728.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pierre Dufour purchased 1,070 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $35.20 per share, for a total transaction of $37,664.00. Following the transaction, the director now directly owns 7,700 shares in the company, valued at $271,040. The disclosure for this purchase can be found here. 1.27% of the stock is currently owned by insiders.

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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Earnings History for Archer Daniels Midland (NYSE:ADM)

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