Archer-Daniels-Midland (NYSE:ADM) Posts Earnings Results, Beats Estimates By $0.11 EPS

Archer-Daniels-Midland (NYSE:ADM) posted its earnings results on Monday. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.11, MarketWatch Earnings reports. The business had revenue of $17.98 billion for the quarter, compared to analysts’ expectations of $16.48 billion. Archer-Daniels-Midland had a net margin of 2.53% and a return on equity of 11.10%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share.

ADM stock opened at $50.00 on Thursday. The company has a market capitalization of $27.82 billion, a P/E ratio of 17.52 and a beta of 0.85. The company has a 50-day simple moving average of $50.92 and a 200 day simple moving average of $47.66. Archer-Daniels-Midland has a fifty-two week low of $28.92 and a fifty-two week high of $53.99. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.41.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 9th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, February 8th. This represents a $1.48 annualized dividend and a yield of 2.96%. This is an increase from Archer-Daniels-Midland’s previous quarterly dividend of $0.36. Archer-Daniels-Midland’s dividend payout ratio is presently 44.44%.

Several analysts recently issued reports on the stock. Barclays upped their price target on shares of Archer-Daniels-Midland from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, November 9th. JPMorgan Chase & Co. raised shares of Archer-Daniels-Midland from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a report on Monday, October 19th. Credit Suisse Group upped their price target on shares of Archer-Daniels-Midland from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 20th. Monness Crespi & Hardt raised shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, October 26th. Finally, Cleveland Research upgraded shares of Archer-Daniels-Midland from a “neutral” rating to a “buy” rating in a research note on Monday, November 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $51.75.

In other Archer-Daniels-Midland news, VP John P. Stott sold 15,000 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $50.09, for a total transaction of $751,350.00. Following the completion of the sale, the vice president now directly owns 48,714 shares of the company’s stock, valued at $2,440,084.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph D. Taets sold 30,000 shares of the company’s stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $50.15, for a total transaction of $1,504,500.00. Following the sale, the senior vice president now directly owns 190,554 shares of the company’s stock, valued at $9,556,283.10. The disclosure for this sale can be found here. Corporate insiders own 1.27% of the company’s stock.

Archer-Daniels-Midland Company Profile

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 three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. It procures, stores, cleans, and transports agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, rice, and barley.

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Earnings History for Archer-Daniels-Midland (NYSE:ADM)

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