Financial Results, New Facility Construction, Stock Price Update - Research Report on ADM, Bunge, Sanderson Farms, The Andersons, and Chiquita Brands
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, November 12, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Archer Daniels Midland Company (NYSE: ADM), Bunge Ltd (NYSE: BG), Sanderson Farms, Inc. (NASDAQ: SAFM), The Andersons, Inc. (NASDAQ: ANDE), and Chiquita Brands International Inc (NYSE: CQB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Archer Daniels Midland Company Research Report
On November 4, 2013, Archer Daniel Midland Company (ADM) announced the construction of a new feed-premix plant in Nanjing, China, its third facility in the Company's Chinese premix network. The Company informed that its upcoming facility at Nanjing, which is expected to be complete by H1 2015, will manufacture nutritional feed premixes that can be added to animal food to promote good health and optimal growth. "ADM is committed to helping China meet its goals for food security and safety, and our plant in Nanjing is part of this commitment," said Brent Fenton, President, ADM Animal Nutrition. "As the country's population continues growing and personal incomes rise further, the nation's demand for meat is expected to increase. In this environment, our decades of experience producing animal feeds and feed ingredients-coupled with our insistence on consistent, high-quality products-will serve China's livestock producers well." The Full Research Report on Archer Daniels Midland Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/9649_ADM]
--
Bunge Ltd Research Report
On November 7, 2013, shares of Bunge Ltd (Bunge) fell 1.49% to end the day at $80.78 per share. Bunge's stock dipped 2.51% over the last three trading sessions while the Dow Jones Industrial Average slid 0.29% during the same period. The Full Research Report on Bunge Ltd - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/04bf_BG]
--
Sanderson Farms, Inc. Research Report
On November 7, 2013, shares of Sanderson Farms, Inc. (Sanderson Farms) fell 1.09% to end the trading session at $65.37 per share. Over the previous three trading days, Sanderson Farms' stock dipped 0.94%, outperforming the NASDAQ composite index, which declined 2.01% during the same period. The Full Research Report on Sanderson Farms, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/733e_SAFM]
--
The Andersons, Inc. Research Report
On November 6, 2013, The Andersons, Inc. (The Andersons) posted Q3 2013 financial and operational results. The Company posted revenues of $1.2 billion, up 3.8% YoY during the quarter. For Q3 2013, net income attributable to the Company was $17.2 million or $0.91 per diluted share, compared to $16.9 million or $0.90 per diluted share in Q3 2012. "We had a record third quarter, due the exceptional results seen in our Ethanol and Rail groups," CEO Mike Anderson stated. "We also had good results in the Grain Group," added Mr. Anderson. "We also had good results in the Grain Group. Our expectation for the last quarter of the year is that it will be comparable to results seen in 2010 and 2011. The fourth quarter of 2012 results were tempered by the drought, which we are happy to say is behind us; we are instead in the midst of a record corn crop. Looking back, I am proud of our employees and how they effectively managed through the 2012 drought, with good earnings." Among the operational highlights, the Company informed that in July 2013, it has entered into a 50/50 joint venture contract with Lansing Trade Group and has also acquired a grain and food-grade bean handler/processor and agronomy input provider, Thompsons Limited. The Full Research Report on The Andersons, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/6bfc_ANDE ]
--
Chiquita Brands International Inc Research Report
On November 7, 2013, Chiquita Brands International Inc (Chiquita) released its Q3 2013 financial results. The Company posted GAAP net loss of $18 million in Q3 2013, compared to GAAP net loss of $67 million in Q3 2012. Net sales during the quarter stood at $723 million, compared to $714 million in Q3 2012. GAAP operating income for Q3 2013 was $1 million, compared to an operating loss of $66 million in Q3 2012. Chiquita's President and CEO, Ed Lonergan, commented, "We remain confident in our 'return to the core' strategy, and our third quarter results reflect continued progress toward our long-term goals
We experienced volume and share growth in our North American banana business as our commitment to quality, service and innovation has been rewarded. Our European banana business maintained higher seasonal prices while optimizing a balanced supply situation that extended well into the third quarter. In our salad business, we grew volume and market share for the second consecutive quarter. However, we continued to face certain headwinds with raw product costs and our Midwest plant consolidation." The Full Research Report on Chiquita Brands International Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/db1a_CQB]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
AnalystsCorner.com
SOURCE Analysts' Corner
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article