Archer-Daniels-Midland Company (NYSE:ADM) agricultural commodities and products merchandise, is expected to report second quarter earnings results, after market close, on Wednesday 29th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.51 per share.
Looking ahead, the full year income are expected at $ 2.80 per share on the revenues of $ 64490.60 million.
Previous Quarter Performance
Archer-Daniels-Midland Company unfold income for the first quarter of $ 0.64 per share, from the revenue of $ 14,970.00 million. The quarterly earnings grew 39.13 percent while revenues fell 7.75 percent compared with the same quarter last year.
Wall street analysts are predicting, ADM to report 1Q20 income of $ 0.55 per share from revenue of $ 15707.70 million. The bottom line results beat street analysts by $ 0.09 or 16.36 percent, at the same time, top line results fell short of analysts by $ 737.7 million or 4.7 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ADM was $ 42.59, representing a 47.27 % increase from the 52 week low of $ 28.92 and a 9.77 % decrease over the 52 week high of $ 47.20.
The company has a market capital of $ 23.66 billion and is part of the Consumer Defensive sector and Farm Products industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.36 per share on May 6, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 20, 2020 and ex-dividend date on May 19, 2020.
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
