Thursday, January 26, 2012

Archer Daniels Midland (ADM) Ratings Reiterated

Archer Daniels Midland Company (NYSE: ADM) had its “Neutral” rating reiterated by Goldman Sachs (NYSE:GS).

Looking forward to the release of its quarterly report on January 31, 2012, analysts' consensus is for earnings to drop to 78 cents a share, from $1.14 a share last year in the same quarter.

Earnings are expected to come in at $2.98 a share for the fiscal year. Revenue for the year is estimated to be $89.56 billion. Quarterly revenue is estimated at $23.1 billion, a gain of 10.4 percent over last year.

The majority of analysts recommend for investors to hold on ADM. Over the last quarter sentiment on the company has improved a little.

Archer Daniels Midland closed Thursday at $29.84, dropping $0.24, or 0.80 percent.

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