Archer-Daniels-Midland (NYSE:ADM) Issues 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 Down 8.8 %

Archer-Daniels-Midland stock traded down $4.86 during midday trading on Tuesday, reaching $50.44. The stock had a trading volume of 6,244,260 shares, compared to its average volume of 4,259,433. The stock has a market capitalization of $24.12 billion, a P/E ratio of 9.90 and a beta of 0.73. Archer-Daniels-Midland has a 1-year low of $48.92 and a 1-year high of $77.35. The firm’s fifty day simple moving average is $58.73 and its 200-day simple moving average is $60.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Wednesday, August 21st. Archer-Daniels-Midland’s dividend payout ratio (DPR) is 40.16%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Citigroup lowered their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.82.

Insider Activity at Archer-Daniels-Midland

In related news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the sale, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,177,810. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Juan R. Luciano sold 45,471 shares of the firm’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 sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the transaction, the chief executive officer now directly owns 265,210 shares of the company’s stock, valued at approximately $16,047,857.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,348 shares of company stock valued at $13,296,833 over the last three months. 1.20% of the stock is owned by 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.