Archer Daniels Midland (NYSE:ADM) Issues Quarterly Earnings Results

Archer Daniels Midland (NYSE:ADM) released its quarterly earnings results on Tuesday. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03, 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 for the quarter, compared to analysts’ expectations of $20.96 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Archer Daniels Midland’s revenue was up 2.2% compared to the same quarter last year. Archer Daniels Midland updated its FY 2025 guidance to 3.250-3.500 EPS.

Archer Daniels Midland Price Performance

Shares of NYSE:ADM opened at $60.12 on Wednesday. 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 stock has a market cap of $28.89 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 4.78 and a beta of 0.70. Archer Daniels Midland has a 1-year low of $40.98 and a 1-year high of $65.00. The stock’s fifty day simple moving average is $61.57 and its two-hundred day simple moving average is $55.84.

Institutional Investors Weigh In On Archer Daniels Midland

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of 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 purchasing an additional 1,067 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Archer Daniels Midland during the 2nd quarter valued at $74,000. State of Tennessee Department of Treasury grew its position in shares of Archer Daniels Midland by 62.2% during the 2nd quarter. State of Tennessee Department of Treasury now owns 105,882 shares of the company’s stock valued at $5,588,000 after purchasing an additional 40,597 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Archer Daniels Midland by 10.4% during the 2nd quarter. Captrust Financial Advisors now owns 60,902 shares of the company’s stock valued at $3,214,000 after purchasing an additional 5,744 shares in the last quarter. Finally, Vident Advisory LLC grew 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 valued at $2,224,000 after purchasing an additional 5,832 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Analyst Ratings Changes

ADM has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Archer Daniels Midland in a report on Wednesday, October 8th. Barclays raised shares of Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $50.00 to $61.00 in a report on Wednesday, August 6th. Morgan Stanley lifted their price objective on Archer Daniels Midland from $47.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Wall Street Zen upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $59.00 price objective (down previously from $61.00) on shares of Archer Daniels Midland in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $55.25.

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.