Upcoming AWS Coverage on Marine Harvest Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 13, 2017 / Active Wall St. announces its post-earnings coverage on Archer-Daniels-Midland Co. (NYSE: ADM). The Company announced its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on February 07, 2017. The Chicago, Illinois-based Company's quarterly revenue increased marginally. Register with us now for your free membership at:

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One of Archer-Daniels-Midland's competitors within the Farm Products space, Marine Harvest ASA (NYSE: MHG), announced on February 03, 2017, that it will present its results for Q4 2016 on February 15, 2017. AWS will be initiating a research report on Marine Harvest in the coming days.

Today, AWS is promoting its earnings coverage on ADM; touching on MHG. Get our free coverage by signing up to:

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Earnings Reviewed

During Q4 FY16, ADM reported total revenue of $16.50 billion which came in above the $16.45 billion recorded at the end of Q4 FY15. However, the Company's quarterly total revenue numbers lagged behind Wall Street's expectations of $16.58 billion.

The food processing and commodities trading Company's net earnings attributable to ADM declined during Q4 FY16 to $424 million, or $0.73 per diluted common share, from $718 million, or $1.19 per diluted common share, in the prior year's same quarter. Meanwhile, the Company's adjusted earnings increased to $0.75 per share in Q4 FY16 from $0.65 per share in Q4 FY15. Market analysts had expected the Company to report adjusted EPS of $0.50 per diluted share for the reported quarter. Furthermore, the Company's adjusted segment's operating profit increased to $827 million in Q4 FY16 from $633 million in the previous year's comparable period.

For full year FY16, the Company reported total revenues of $62.35 billion compared to $67.70 billion in FY15. The Company's net income was down during FY16 to $1.28 billion, or $2.16 per diluted common share, from $1.85 billion, or $2.98 per diluted common share, in FY15. The Company's adjusted EPS for FY16 stood at $2.16 per share compared to $2.61 per share in the prior year's corresponding period. Furthermore, the Company reported adjusted segment operating profit of $2.62 billion in FY16 versus $2.92 billion in FY15.

Operating Metrics

For Q4 FY16, the Company's gross profit was $1.03 billion which came in above $865 million in the year ago same period. The Company's trailing four-quarter-average adjusted ROIC was 5.9% as on December 31, 2016, compared to 7.4% as on December 31, 2015.

Segment Performance

During Q4 FY16, Agricultural Services segment's revenue came in at $8.07 billion compared to $8.03 billion in Q4 FY15. Furthermore, the segment's adjusted operating profit for Q4 FY16 was $245 million compared to $214 million in the previous year's same quarter.

ADM's Corn Processing segment's generated revenue amounting to $2.52 billion in Q4 FY16 which came in above the last year comparable quarter's recorded revenue numbers of $2.43 billion. The adjusted segment's operating profit for Q4 FY16 stood at $255 million versus $126 million reported in Q4 FY16.

In the reported quarter, Oilseeds Processing segment's revenues were $5.28 billion versus $5.36 billion in Q4 FY15. Meanwhile, the segment's adjusted operating profit increased to $239 million in Q4 FY16 from $229 million in Q4 FY15.

The Company's Wild Flavors & Specialty Ingredients (WFSI) revenues increased to $544 million in Q4 FY16 from $531 million in Q4 FY15. Furthermore, WFSI's adjusted operating profit for Q4 FY16 was $38 million compared to $47 million in the prior year's same quarter.

Cash Flow & Balance Sheet

In the year ended on December 31, 2016, ADM generated $1.48 billion of cash from operations compared to $2.47 billion in the previous year comparable quarter. The Company had $619 million of cash and cash equivalents as on December 31, 2016, compared to $910 million at the close of books on December 31, 2015. Furthermore, the Company's long-term debt, including current maturities increased to $6.78 billion as on December 31, 2016 from $5.79 billion recorded on December 31, 2015.

Dividend

In a separate press release on February 07, 2017, ADM's Board of Directors declared a cash dividend of $0.32 per share on its common stock payable on March 14, 2017, to shareholders of record on February 21, 2017. The upcoming dividend will mark the Company's 341st consecutive quarterly payment, a record of 85 years of uninterrupted dividends. Furthermore, the Company returned $1.7 billion to shareholders through dividends and share repurchases in full year FY16.

Stock Performance

Archer-Daniels-Midland's share price finished last Friday's trading session at $43.83, slightly up by 0.67%. A total volume of 2.36 million shares exchanged hands. The stock has advanced 1.18% and 41.66% in the last six months and past twelve months, respectively. The stock is trading at a PE ratio of 16.63 and has a dividend yield of 2.74%. At Friday's closing price, the stock's net capitalization stands at $25.22 billion.

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SOURCE: Active Wall Street