ADM (ADM) reported earnings 30 days ago. What's next for the stock?
Archer Daniels extends its share repurchase program to 2029 and continues paying dividends, showcasing financial strength and enhanced shareholder value.
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Archer-Daniels-Midland faced a tough 2024 due to accounting difficulties in its Nutrition segment, causing shares to drop 27.61% YTD. Despite the accounting setbacks, ADM's core business in agricultural commodities remains strong, presenting a unique value opportunity for investors at a discounted price. The market's bearish stance on ADM is overdone; effective restructuring and governance reforms should position the company for recovery and growth in 2025.
Archer-Daniels-Midland Company (NYSE:ADM ) Q3 2024 Earnings Conference Call December 3, 2024 9:00 AM ET Company Participants Megan Britt - Vice President, Investor Relations Juan Luciano - Chair of the Board, President and Chief Executive Officer Monish Patolawala - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Strelzik - BMO Tom Palmer - Citi Ben Theurer - Barclays Heather Jones - Heather Jones Research Manav Gupta - UBS Steven Haynes - Morgan Stanley Tami Zakaria - JP Morgan Salvator Tiano - Bank of America Operator Good morning and welcome to ADM's Third Quarter 2024 Earnings Conference Call. All lines have been placed on a listen-only mode to prevent any background noise.
Dividend Aristocrats are an attractive group of stocks for dividend growth investors because of their blue chip quality and proven track record. The stocks pay reliable dividends and grow their distributions annually, helping to compound returns and offset inflation.
ADM reports lower revenues year over year in third-quarter 2024 owing to a decline in sales across most of its segments.
The headline numbers for ADM (ADM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Archer Daniels Midland (ADM) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.63 per share a year ago.
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ALB, ADM and AR have been added to the Zacks Rank #24 (Strong Sell) List on November 7, 2024.