Archer Daniels Midland (NYSE:ADM) Posts Earnings Results, Beats Expectations By $0.04 EPS

Archer Daniels Midland (NYSE:ADM) posted its quarterly earnings results on Tuesday. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04, Zacks reports. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $20.37 billion during the quarter, compared to analysts’ expectations of $20.96 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Archer Daniels Midland updated its FY 2025 guidance to 3.250-3.500 EPS.

Archer Daniels Midland Price Performance

ADM stock traded down $0.52 during mid-day trading on Tuesday, hitting $59.57. The stock had a trading volume of 1,510,246 shares, compared to its average volume of 3,873,494. The firm has a market capitalization of $28.62 billion, a P/E ratio of 26.31, a P/E/G ratio of 4.78 and a beta of 0.70. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $61.62 and a 200 day simple moving average of $55.75. Archer Daniels Midland has a 52 week low of $40.98 and a 52 week high of $65.00.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 89.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ADM shares. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, October 8th. Barclays upgraded Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $50.00 to $61.00 in a research note on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on shares of Archer Daniels Midland in a research note on Wednesday, August 20th. They set a “neutral” rating and a $61.00 target price for the company. Morgan Stanley boosted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Archer Daniels Midland has a consensus rating of “Hold” and a consensus price target of $55.50.

Institutional Trading of Archer Daniels Midland

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in Archer Daniels Midland by 44.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,472 shares of the company’s stock valued at $183,000 after acquiring an additional 1,067 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Archer Daniels Midland during the second quarter valued at about $74,000. State of Tennessee Department of Treasury grew its position in Archer Daniels Midland by 62.2% in the 2nd quarter. State of Tennessee Department of Treasury now owns 105,882 shares of the company’s stock worth $5,588,000 after purchasing an additional 40,597 shares in the last quarter. Captrust Financial Advisors increased its stake in Archer Daniels Midland by 10.4% in the 2nd quarter. Captrust Financial Advisors now owns 60,902 shares of the company’s stock valued at $3,214,000 after buying an additional 5,744 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Archer Daniels Midland by 16.1% during the 2nd quarter. Vident Advisory LLC now owns 42,128 shares of the company’s stock worth $2,224,000 after buying an additional 5,832 shares in the last quarter. 78.28% of the stock is owned by 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.