Equities research analysts predict that Archer Daniels Midland (NYSE:ADM) will report sales of $14.96 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Archer Daniels Midland’s earnings, with the lowest sales estimate coming in at $14.52 billion and the highest estimate coming in at $15.31 billion. Archer Daniels Midland reported sales of $14.99 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.2%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, May 1st.
According to Zacks, analysts expect that Archer Daniels Midland will report full year sales of $62.25 billion for the current year, with estimates ranging from $61.06 billion to $63.88 billion. For the next financial year, analysts forecast that the firm will report sales of $63.05 billion per share, with estimates ranging from $61.57 billion to $64.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Archer Daniels Midland.
Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.12. Archer Daniels Midland had a return on equity of 7.91% and a net margin of 2.62%. The company had revenue of $16.07 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Archer Daniels Midland’s revenue was down 2.6% on a year-over-year basis.
In other Archer Daniels Midland news, insider Ambrose Michael D sold 20,762 shares of the business’s stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $45.00, for a total value of $934,290.00. Following the completion of the sale, the insider now owns 219,384 shares in the company, valued at $9,872,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ADM. Janney Montgomery Scott LLC lifted its position in Archer Daniels Midland by 10.6% in the third quarter. Janney Montgomery Scott LLC now owns 26,872 shares of the company’s stock valued at $1,142,000 after purchasing an additional 2,586 shares during the last quarter. AXA increased its stake in shares of Archer Daniels Midland by 3.0% during the third quarter. AXA now owns 123,600 shares of the company’s stock valued at $5,254,000 after buying an additional 3,600 shares during the period. Accurate Investment Solutions Inc. purchased a new position in shares of Archer Daniels Midland during the fourth quarter valued at approximately $3,512,000. Acropolis Investment Management LLC increased its stake in shares of Archer Daniels Midland by 1,923.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock valued at $129,000 after buying an additional 3,059 shares during the period. Finally, Hexavest Inc. increased its stake in shares of Archer Daniels Midland by 1.3% during the fourth quarter. Hexavest Inc. now owns 1,012,264 shares of the company’s stock valued at $40,572,000 after buying an additional 12,718 shares during the period. Hedge funds and other institutional investors own 77.44% of the company’s stock.
Shares of NYSE ADM traded down $0.33 during midday trading on Thursday, hitting $45.16. 3,582,762 shares of the company’s stock were exchanged, compared to its average volume of 3,963,939. Archer Daniels Midland has a 12-month low of $38.59 and a 12-month high of $46.25. The company has a current ratio of 1.59, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $25,427.19, a price-to-earnings ratio of 18.58 and a beta of 1.01.
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About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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