Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Mobileye, BioVie, ADM, and B. Riley and Encourages Investors to Contact the Firm

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Go back to Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Mobileye, BioVie, ADM, and B. Riley and Encourages Investors to Contact the Firm

Archer Daniels Midland (ADM) PT Raised to $58 at Stifel

March 12, 2024 3:54 PM EDT

Stifel analyst Vincent Anderson raised the price target on Archer Daniels Midland (NYSE: ADM) to $58.00 (from $56.00) while maintaining a Hold rating.

The analyst comments "We are updating our estimates for ADM following 4Q23 reporting. On net, our estimates are lowered for 2024 as a... More

Archer Daniels Midland (ADM) misses earnings, revenue consensus estimates

March 12, 2024 7:31 AM EDT

Archer Daniels Midland (NYSE: ADM) reported fourth-quarter earnings that fell short of Wall Street expectations, with adjusted earnings per share (EPS) of $1.36 compared to the consensus estimate of $1.43. Revenue for the quarter was also below analyst forecasts, coming in at $22.98 billion against expectations of $23.64 billion. Despite the miss, the company's stock climbed 3.44%.

The agribusiness giant provided full-year 2024 adjusted EPS guidance in the range of $5.25 to $6.25, with the midpoint below the consensus estimate of $5.87. This projection reflects an 18% decrease at the midpoint from the company's 2023 performance, attributing the expected... More