Archer-Daniels-Midland Company (NYSE:ADM) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, ADM is expected to report 3Q20 income of $ 0.71 per share from revenue of $ 16705.50 million.
For the full year, analysts anticipate top line of $ 65197.10 million, while looking forward to income of $ 3.19 per share bottom line.
Previous Quarter Performance
Archer-Daniels-Midland Company posted income for the second quarter of $ 0.85 per share, from the revenue of $ 16,281.00 million. The quarterly earnings 41.67 percent while revenues decreased 0.10 percent compared with the same quarter last year.
Street analysts expected Archer-Daniels-Midland Company to report income of $ 0.51 per share on revenue of $ 16085.20 million for the second quarter. The bottom line results beat street analysts by $ 0.34 or 66.67 percent, at the same time, top line results outshined analysts by $ 195.80 million or 1.22 percent.
Stock Performance
Shares of Archer-Daniels-Midland Company traded low $ -0.84 or -1.67 percent on Wednesday, reaching $ 49.52 with volume of 3.79 million shares. Archer-Daniels-Midland Company has traded high as $ 50.92 and has cracked $ 49.46 on the downward trend
According to the previous trading day, closing price of $ 49.52, representing a 74.14 % increase from the 52 week low of $ 28.92 and a 3.25 % decrease over the 52 week high of $ 52.05.
The company has a market capital of $ 27.52 billion and is part of the Consumer Defensive sector and Farm Products industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.36 per share to holders of record as of the close of business on August 19, 2020, with payment date of September 9, 2020 and ex-dividend date on August 18, 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.
