Archer-Daniels-Midland (ADM) Expected to Announce Earnings on Tuesday

Archer-Daniels-Midland (NYSE:ADM) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.07 per share and revenue of $22.77 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Archer-Daniels-Midland Stock Performance

Shares of ADM stock opened at $51.20 on Monday. The stock’s 50-day moving average is $51.42 and its two-hundred day moving average is $55.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 1.40. Archer-Daniels-Midland has a 1 year low of $48.40 and a 1 year high of $66.08. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 14.63 and a beta of 0.72.

Archer-Daniels-Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.91%. Archer-Daniels-Midland’s dividend payout ratio is presently 57.14%.

Archer-Daniels-Midland announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to repurchase 100,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADM shares. Barclays cut their target price on shares of Archer-Daniels-Midland from $56.00 to $50.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Bank of America lowered shares of Archer-Daniels-Midland from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $63.00 to $54.00 in a research note on Tuesday, January 14th. Morgan Stanley decreased their target price on shares of Archer-Daniels-Midland from $57.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Stephens started coverage on Archer-Daniels-Midland in a research note on Wednesday, December 11th. They set an “equal weight” rating and a $55.00 price objective for the company. Finally, Citigroup lifted their target price on Archer-Daniels-Midland from $51.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.89.

About Archer-Daniels-Midland

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.