Archer-Daniels-Midland (NYSE:ADM) Releases FY24 Earnings Guidance

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $4.50-5.00 for the period, compared to the consensus EPS estimate of $5.21. Archer-Daniels-Midland also updated its FY 2024 guidance to 4.500-5.000 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ADM shares. UBS Group upped their price target 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. upped their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, Archer-Daniels-Midland currently has a consensus rating of "Hold" and an average price target of $63.82.

Archer-Daniels-Midland Stock Down 6.0 %

Shares of ADM traded down $3.31 during midday trading on Tuesday, hitting $51.99. The company had a trading volume of 9,036,710 shares, compared to its average volume of 4,272,478. 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 $24.86 billion, a price-to-earnings ratio of 10.44 and a beta of 0.73. Archer-Daniels-Midland has a 52 week low of $48.92 and a 52 week high of $77.35. The company's 50 day moving average price is $58.56 and its 200 day moving average price is $60.24.

Archer-Daniels-Midland Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.85%. Archer-Daniels-Midland's payout ratio is 40.16%.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 265,210 shares in the company, valued at approximately $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other 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 value of $2,773,731.00. Following the completion of the sale, the chief executive officer now owns 265,210 shares in the company, valued at $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Juan R. Luciano sold 170,194 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company's stock, valued at approximately $16,047,857.10. This trade represents 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 quarter. Insiders own 1.20% of the company's stock.

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.