Archer-Daniels-Midland (NYSE:ADM) Releases Q3 2024 Earnings Guidance

Archer-Daniels-Midland (NYSE:ADM) updated its third quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.090-1.090 for the period, compared to the consensus EPS estimate of 1.240. The company issued revenue guidance of -. Archer-Daniels-Midland also updated its FY 2024 guidance to 4.500-5.000 EPS.

Archer-Daniels-Midland Stock Performance

NYSE ADM opened at $55.30 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock has a market cap of $26.44 billion, a price-to-earnings ratio of 11.10 and a beta of 0.73. Archer-Daniels-Midland has a fifty-two week low of $50.72 and a fifty-two week high of $77.35. The business has a fifty day moving average of $58.73 and a 200-day moving average of $60.31.

Archer-Daniels-Midland Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio is presently 40.16%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Citigroup reduced their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. increased their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.82.

Insider Buying and Selling at Archer-Daniels-Midland

In other news, CEO Juan R. Luciano sold 3,683 shares of Archer-Daniels-Midland stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 45,471 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 3,683 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $61.00, for a total value of $224,663.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock worth $13,296,833 over the last quarter. 1.20% of the stock is owned by corporate insiders.

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.