ADM - Archer-Daniels-Midland: The Challenges Overwhelm The Positives
2024-03-31 23:50:16 ET
Summary
- Archer-Daniels-Midland Company's price has rebounded by 18.3% in the past month after a sharp drop due to an SEC probe in its nutrition business. But its troubles aren't over yet.
- The probe has now been extended to its ethanol business. Even though both segments' impact on financials is small, the company's weakening fundamentals at this time are an additional challenge.
- ADM expects a decline in EPS in 2024 and possibly in 2025. Even with attractive P/Es and long-standing consistent dividend growth, it's not one for capital gains right now.
Agricultural commodities and processing business Archer-Daniels-Midland Company ( ADM ) has had a bad 2024 to date at the stock markets. This is essentially due to a sharp 24% drop in a day in January following an SEC probe of its nutrition business....
Archer-Daniels-Midland: The Challenges Overwhelm The Positives