Archer Daniels Midland Company (ADM) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.42 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.45. The company posted revenue of $14384.00 million in the period, compared to analysts expectations of $16851.27 million. The company’s revenue was down -17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on Archer Daniels Midland Company. Archer Daniels Midland Company was Downgraded by Standpoint Research to ” Hold” on Apr 28, 2016. Archer Daniels Midland Company was Upgraded by JP Morgan to ” Neutral” on Apr 22, 2016. Archer Daniels Midland Company was Downgraded by BofA/Merrill to ” Neutral” on Mar 7, 2016.
Archer Daniels Midland Company opened for trading at $39.59 and hit $40.545 on the upside on Monday, eventually ending the session at $40.26, with a gain of 0.80% or 0.32 points. The heightened volatility saw the trading volume jump to 59,65,239 shares. Company has a market cap of $23,910 M.
In a different news, on Feb 5, 2016, Francisco J Sanchez (director) purchased 1,000 shares at $34.35 per share price. According to the SEC, on Nov 24, 2015, Joseph D. Taets (Senior Vice President) purchased 3,000 shares at $36.24 per share price. On Nov 20, 2015, Juan R Luciano (CEO) purchased 2,772 shares at $36.03 per share price, according to the Form-4 filing with the securities and exchange commission.
Archer-Daniels-Midland Company is a processor of oilseeds corn wheat cocoa and other agricultural commodities and manufactures protein meal vegetable oil corn sweeteners flour biodiesel ethanol and other value-added food and feed ingredients. The Companys segments include Oilseeds Processing Corn Processing Agricultural Services and Wild Flavors and Specialty Ingredients. The Corn Processing segment is engaged in corn wet milling and dry milling activities. The Agricultural Services segment utilizes its United States grain elevator global transportation network and port operations to buy store clean and transport agricultural commodities such as oilseeds corn wheat milo oats rice and barley and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. Wild Flavors’ products include flavors colors sweeteners and health ingredients as well as ready-to-market concepts and complete solutions.