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News Breaks | | | | February 4, 2013 | | 13:25 EDT |  | ADM | Earnings Preview: Archer Daniels Midland trading up 6% since last report
Archer Daniels Midland Company (ADM) is expected to report Q2 earnings before the market open on Tuesday, February 5 with a conference call scheduled for 9:00 am ET. Archer Daniels Midland is engaged in the processing of oilseeds, corn, wheat, cocoa, and other agricultural commodities... EXPECTATIONS: Analysts are looking for EPS of 56c on revenue of $23.67B. The consensus range is 49c-62c for EPS, and $22.25B-$24.48B for revenue, according to First Call... LAST QUARTER: Archer Daniels Midland reported Q1 EPS 50c against estimates of 35c, on revenue of $21.8B against estimates of $22.0B... STREET RESEARCH AND NEWS: Last November, BMO Capital upgraded Archer Daniels Midland to Outperform from Market Perform, citing the underperformance of shares near that time and expectations for the company's fundamentals to improve in the second half of 2013. The firm also raised its price target for shares to $32 from $26. In early December, Archer Daniels made a $2.9B takeover offer for Australia's GrainCorp, which GrainCorp rejected, saying it "materially undervalues" the company... PRICE ACTION: Over the last three months, Archer Daniels Midland is trading up over 6%. In midday trading ahead of the Q2 report, shares are trading down slightly to $28.50. | |
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News For ADM From The Last 14 Days Check below for free stories on ADM the last two weeks. |
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| May 15, 2013 | | 16:55 EDT |  | ADM | Berkshire Hathaway gives quarterly update on stakes
 Subscribe for More Information | | | 14:57 EDT | | ADM | Archer Daniels says added $200M cost savings expected by end 2014
Operational improvements are expected to enable Archer Daniels Midland to realize $200M in additional cost savings by the end of 2014, and to free up an additional $1B in cash by the end of 2013, the company said in advance of its presentation at the BMO Capital Markets 2013 Farm to Market Conference. The additional $200M is expected to come from reducing energy and water use; implementing a companywide maintenance-management system; standardizing processes, procedures and inventory controls; and leveraging the company’s scale in the area of procurement. The additional $1B in working cash improvements would bring the total the company has unlocked since mid-2012 to $2B, through better inventory-management; monetization of underutilized assets as part of an ongoing portfolio management effort; extracting cash from various joint ventures; and improved processes for managing payables and receivables. | | | 07:31 EDT |  | ADM | BMO Capital to host a conference
Subscribe for More Information | | | May 10, 2013 | | 17:07 EDT |  | ADM | Archer Daniels files automatic mixed securities shelf
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