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

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

Shares of NYSE:ADM opened at $49.58 on Thursday. 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 firm’s 50-day simple moving average is $50.92 and its 200-day simple moving average is $47.66. The company has a market cap of $27.59 billion, a price-to-earnings ratio of 17.52 and a beta of 0.85.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 9th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, February 8th. This represents a $1.48 dividend on an annualized basis and a yield of 2.99%. 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 equities analysts have issued reports on the company. Monness Crespi & Hardt raised Archer-Daniels-Midland from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, October 26th. Morgan Stanley lifted their price target on Archer-Daniels-Midland from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, December 14th. Credit Suisse Group increased their price objective on Archer-Daniels-Midland from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, January 20th. BMO Capital Markets lowered shares of Archer-Daniels-Midland from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $51.00 to $56.00 in a research report on Monday, January 11th. Finally, JPMorgan Chase & Co. raised shares of Archer-Daniels-Midland from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Monday, October 19th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.75.

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