Archer-Daniels-Midland (ADM) Projected to Post Quarterly Earnings on Tuesday

Archer-Daniels-Midland (NYSE:ADM) is projected to issue 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.

Archer-Daniels-Midland Price Performance

ADM traded down $1.60 during trading on Tuesday, reaching $50.58. The company’s stock had a trading volume of 1,208,934 shares, compared to its average volume of 2,787,084. The company has a market cap of $24.20 billion, a price-to-earnings ratio of 14.45 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $51.57 and a two-hundred day simple moving average of $56.28. Archer-Daniels-Midland has a 1 year low of $48.40 and a 1 year high of $66.08.

Archer-Daniels-Midland declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders 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 3.95%. Archer-Daniels-Midland’s dividend payout ratio (DPR) is presently 57.14%.

Analyst Upgrades and Downgrades

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

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.