Zacks Research Weighs in on Archer-Daniels-Midland Company’s Q2 2024 Earnings (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADM) – Zacks Research cut their Q2 2024 earnings per share estimates for shares of Archer-Daniels-Midland in a report issued on Tuesday, May 21st. Zacks Research analyst R. Lohia now anticipates that the company will post earnings per share of $1.34 for the quarter, down from their previous forecast of $1.42. The consensus estimate for Archer-Daniels-Midland’s current full-year earnings is $5.60 per share. Zacks Research also issued estimates for Archer-Daniels-Midland’s Q1 2025 earnings at $1.37 EPS, FY2025 earnings at $5.48 EPS, Q1 2026 earnings at $1.58 EPS and FY2026 earnings at $5.58 EPS.

Other research analysts also recently issued reports about the company. UBS Group restated a “neutral” rating and set a $51.00 target price (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. TheStreet downgraded shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a report on Monday, February 12th. BMO Capital Markets lowered their target price on shares of Archer-Daniels-Midland from $66.00 to $60.00 and set a “market perform” rating for the company in a research note on Wednesday, March 13th. Bank of America decreased their price target on shares of Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, Jefferies Financial Group dropped their price objective on shares of Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus target price of $67.50.

Archer-Daniels-Midland Price Performance

Shares of ADM opened at $60.73 on Wednesday. The company has a 50 day moving average of $61.57 and a two-hundred day moving average of $63.71. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.35. Archer-Daniels-Midland has a twelve month low of $50.72 and a twelve month high of $87.30. The company has a market cap of $30.03 billion, a price-to-earnings ratio of 10.65 and a beta of 0.78.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. Archer-Daniels-Midland had a return on equity of 13.87% and a net margin of 3.32%. The firm had revenue of $21.85 billion during the quarter, compared to analysts’ expectations of $22.26 billion. During the same period in the prior year, the business posted $2.09 EPS. The firm’s quarterly revenue was down 9.2% on a year-over-year basis.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share repurchase plan on Tuesday, March 12th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. Archer-Daniels-Midland’s payout ratio is 35.09%.

Insider Activity

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cherry Tree Wealth Management LLC purchased a new position in Archer-Daniels-Midland during the first quarter valued at $27,000. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland in the 3rd quarter valued at about $28,000. Tompkins Financial Corp acquired a new stake in Archer-Daniels-Midland in the 3rd quarter worth about $28,000. Operose Advisors LLC acquired a new position in shares of Archer-Daniels-Midland during the third quarter valued at approximately $30,000. Finally, Crewe Advisors LLC purchased a new position in shares of Archer-Daniels-Midland in the first quarter valued at approximately $30,000. 78.28% of the stock is 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.