Intraday Mover: Archer Daniels Midland Company (NYSE: ADM)
On Friday, Shares of Archer Daniels Midland Company (NYSE: ADM) rose 0.80% to $46.71. The stock recorded $46.33 as its minimum price and hit the max level of $46.90, during its most recent trading session. It traded total volume of 1.69M shares lower than the average volume of 3.78M shares.
Archer Daniels Midland Co. (ADM) stated first-quarter earnings of $393.0M. The Chicago-based company said it had net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 68 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The agribusiness giant posted revenue of $15.53B in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $14.52B.
ADM has the market capitalization of $26.37B and its EPS growth ratio for the past five years was 12.20%. The return on assets ratio of the Company was 4.20% while its return on investment ratio stands at 3.10%. Price to sales ratio was 0.43 while 78.60% of the stock was owned by institutional investors.
