Archer-Daniels-Midland (NYSE:ADM) Issues Earnings Results

Archer-Daniels-Midland (NYSE:ADM) issued its quarterly earnings data on Tuesday. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19), Briefing.com reports. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The business’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. Archer-Daniels-Midland updated its FY 2024 guidance to 5.250-6.250 EPS and its FY24 guidance to $5.25-$6.25 EPS.

Archer-Daniels-Midland Trading Down 1.0 %

ADM stock opened at $59.87 on Friday. The firm has a market cap of $28.63 billion, a PE ratio of 10.61 and a beta of 0.74. The firm has a fifty day moving average price of $61.98 and a 200 day moving average price of $59.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 4.58. Archer-Daniels-Midland has a fifty-two week low of $50.72 and a fifty-two week high of $87.29.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the business’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 sale, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADM. JPMorgan Chase & Co. boosted 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 report on Wednesday. Citigroup lowered their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.62.

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.