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ADM(ADM) - 2024 Q1 - Quarterly Results
2024-04-30 14:03
Exhibit 99.1 ADM Reports First Quarter 2024 Results, Affirms Full-Year EPS Guidance Reported EPS of $1.42, Adjusted EPS1 of $1.46 CHICAGO, April 30, 2024—ADM (NYSE: ADM) today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights • Segment operating profit of $1,311 million, adjusted segment operating profit1 of $1,317 million • Trailing four-quarter average adjusted return on invested capital (ROIC)1 of 11.2% “ADM’s solid first quarter results showcased our team’s a ...
3 Companies Buying Back Cheap Stock Lately
MarketBeat· 2024-04-29 10:23
Key PointsStock buybacks are one of the most efficient ways to boost shareholder returns. They typically mean a stock is cheap and expected to rally in the short term. Three companies announced aggressive buyback programs for the year, representing a low to high single-digit net share repurchase. Potentially cheap, these three profit-churning companies could make for great watchlist additions.5 stocks we like better than The Goldman Sachs GroupInvestors tend to focus on two things when measuring the perform ...
16 High-Yield Dividend Aristocrats Yielding Almost 5%
Seeking Alpha· 2024-04-27 11:00
DeagreezYou need to learn one critical lesson well if you want to succeed on Wall Street. In any given year, stocks will be volatile. YchartsA 14% to 15% decline should be expected in any year. Not for "no reason," stocks always fall for a reason. The media will create a narrative to explain what is happening with stock prices. It's the job of the financial media to create a narrative that makes us all feel better. Think about it. There's nothing more terrifying than stocks going down without a reason. ...
Stay Ahead of the Game With ADM (ADM) Q1 Earnings: Wall Street's Insights on Key Metrics
Zacks Investment Research· 2024-04-26 14:21
In its upcoming report, Archer Daniels Midland (ADM) is predicted by Wall Street analysts to post quarterly earnings of $1.35 per share, reflecting a decline of 35.4% compared to the same period last year. Revenues are forecasted to be $22.4 billion, representing a year-over-year decrease of 7%.The consensus EPS estimate for the quarter has undergone a downward revision of 2.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ...
3 Stocks Leading the U.S. Agriculture Comeback
MarketBeat· 2024-04-26 14:10
Key PointsGlobal crop supplies reached a cyclical low recently, needing the agricultural sector to step up its production soon. Three stocks come into play as critical industry supporters, offering investors different risk and reward metrics.From high growth to low betas and high dividends, investors can serve their portfolios accordingly during this cycle. 5 stocks we like better than Bank of AmericaEvery cycle in the economy brings a different set of opportunities for investors. These are weighted as a ba ...
Here's How Archer Daniels (ADM) is Poised Ahead of Q1 Earnings
Zacks Investment Research· 2024-04-26 13:26
Archer Daniels Midland Company (ADM) is slated to report first-quarter 2024 results on Apr 30, before market open. The company is likely to report top and bottom-line declines when it posts first-quarter 2024 results.The Zacks Consensus Estimate for the company’s quarterly earnings is pegged at $1.35 per share, which suggests a decline of 35.4% from the year-ago quarter’s reported figure. The consensus mark has remained stable in the past 30 days. For first-quarter 2024 revenues, the consensus mark is pegge ...
E.O. Wilson Biodiversity Foundation Names New Half-Earth Chair
Newsfilter· 2024-04-23 15:08
DURHAM, N.C., April 23, 2024 (GLOBE NEWSWIRE) -- The E.O. Wilson Biodiversity Foundation has named Dr. Alessandro Catenazzi as its new Half-Earth Chair. Catenazzi is a Swiss-Peruvian herpetologist with a strong interest in conservation biology. Much of his work is based in the Andes-Amazon of Peru, focusing on the existence of the Chytrid fungus in amphibians. He is an Associate Professor at Florida International University in Miami. Catenazzi follows the inaugural Half-Earth Chair Piotr Naskrecki. The Foun ...
Can Archer Daniels (ADM) Improve Despite Soft Nutrition Unit?
Zacks Investment Research· 2024-04-17 16:56
Archer Daniels Midland Company (ADM) has been witnessing soft trends in the Nutrition segment due to the recent investigation into certain accounting practices related to this segment. This led to a year-over-year segmental revenue decline of 6.7% in fourth-quarter 2023. The company reported an adjusted operating loss of $10 million for the segment in the quarter. Demand headwinds and destocking impacts, along with operational issues with respect to the ERP systems integration, hurt volumes.In the fourth qu ...
Archer Daniels Midland (ADM) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-04-16 23:20
Archer Daniels Midland (ADM) closed the latest trading day at $60.27, indicating a -0.41% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.03%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.12%.The the stock of agribusiness giant has risen by 0.18% in the past month, leading the Consumer Staples sector's loss of 4.27% and the S&P 500's loss of 0.9%.The investment community will be closely monitoring the performance of Arche ...
Cash Burn: 3 Dividend Aristocrats to Dump for Buyback Plays
InvestorPlace· 2024-04-16 21:40
Although dividend investing has plenty of research backing its efficacy, it’s a slow burn.Further, it may incur high opportunity costs during broad-market rallies, such as what we saw during the bull in the Nasdaq last year. If one seeks capital appreciation potential, plan to sell some Dividend Aristocrats. Rather, invest in companies pursuing aggressive buyback activities, which could lead to significant short-term capital gains.The Dividend Aristocrats to sell in this list are marked with issues. Even we ...