Archer-Daniels-Midland Company (NYSE:ADM) shares moved higher on Tuesday after the company reported stronger-than-expected quarterly results.
The agricultural commodities giant benefited from improved segment performance and steady demand across key business lines.
Quarterly Details
The company reported first-quarter adjusted earnings per share of 71 cents, beating the analyst consensus estimate of 66 cents. Quarterly sales of $20.490 billion outpaced the Street view of $20.216 billion.
Gross profit increased to $1.222 billion, compared with $1.180 billion a year ago. For the first quarter, earnings before income taxes were $384 million, compared to the prior year quarter of $353 million.
AS&O segment operating profit was $273 million for the first quarter, a decrease of 34% compared to the prior year quarter. Carbohydrate Solutions segment operating profit was $356 million (+48%). Nutrition segment operating profit was $135 million (+42%).
Archer-Daniels exited the first quarter with cash and equivalents worth $591 million.
Archer-Daniels-Midland raised its fiscal 2026 adjusted EPS guidance to a range of $4.15 to $4.70 from $3.60 to $4.25, compared with the $4.23 analyst estimate.
Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $67.25. Recent analyst moves include:
- Jefferies: Hold (Raises Target to $77.00) (April 6)
- Barclays: Equal-Weight (Raises Target to $77.00) (April 1)
- JP Morgan: Underweight (Raises Target to $65.00) (March 24)
Archer-Daniels-Midland Price Action
ADM Price Action: Archer-Daniels-Midland shares were up 5.53% at $80.48 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
Photo via Shutterstock