FY2024 Earnings Estimate for Archer-Daniels-Midland Company Issued By Zacks Research (NYSE:ADM)

Archer-Daniels-Midland Company (NYSE:ADM) – Equities research analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Archer-Daniels-Midland in a report issued on Tuesday, May 21st. Zacks Research analyst R. Lohia now forecasts that the company will post earnings per share of $5.58 for the year, up from their previous forecast of $5.53. 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 Q4 2024 earnings at $1.43 EPS, Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.48 EPS and Q4 2025 earnings at $1.30 EPS.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $22.26 billion. During the same period last year, the company earned $2.09 earnings per share. The company’s revenue was down 9.2% on a year-over-year basis.

Several other equities research analysts also recently commented on the company. Citigroup lifted their price objective on Archer-Daniels-Midland from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. BMO Capital Markets cut their price target on 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 cut their price target on Archer-Daniels-Midland from $85.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. UBS Group restated a “neutral” rating and set a $51.00 price target (down from $104.00) on shares of Archer-Daniels-Midland in a research note on Friday, January 26th. Finally, Jefferies Financial Group cut their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.50.

Archer-Daniels-Midland Price Performance

NYSE ADM opened at $61.91 on Thursday. Archer-Daniels-Midland has a one year low of $50.72 and a one year high of $87.30. The stock has a 50-day moving average of $61.52 and a 200 day moving average of $63.73. The company has a market capitalization of $30.61 billion, a price-to-earnings ratio of 10.86 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.88 and a current ratio of 1.47.

Archer-Daniels-Midland Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, May 15th. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 35.09%.

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 repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Archer-Daniels-Midland

A number of hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB raised its stake in Archer-Daniels-Midland by 12.8% in the fourth quarter. Nordea Investment Management AB now owns 1,227,250 shares of the company’s stock valued at $88,534,000 after buying an additional 139,064 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Archer-Daniels-Midland by 14.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock valued at $271,000 after buying an additional 462 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock valued at $29,946,000 after purchasing an additional 138,806 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Archer-Daniels-Midland by 3.0% in the third quarter. Canada Pension Plan Investment Board now owns 1,072,606 shares of the company’s stock valued at $80,896,000 after purchasing an additional 31,700 shares during the period. Finally, Pathstone Family Office LLC increased its holdings in shares of Archer-Daniels-Midland by 543.2% in the third quarter. Pathstone Family Office LLC now owns 28,000 shares of the company’s stock valued at $2,112,000 after purchasing an additional 23,647 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

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.