- Market Realist•9 hours ago
Archer Daniels Midland is trading at a higher PE multiple of 15.3x over its forward 12-month EPS—compared to Bunge as of July 25, 2016.
Bunge Ltd shares surged on Thursday after the U.S. grain trader said quarterly profit jumped despite volatile grain markets and maintained its higher full-year earnings forecast. "Overall, we continue to expect to grow earnings in 2016," said Bunge Chief Financial Officer Drew Burke. "However, in the near term, slow farmer selling in Brazil and Argentina, due to smaller than expected crops and lower prices, are negatively impacting margins.
After hours: 65.83-0.00 (-0.01%) as of 4:27 PM EDT
|Bid||62.29 x 100|
|Ask||66.00 x 200|
|52wk Range||46.08 - 81.78|
|Day's Range||65.04 - 65.94|
|Avg Vol (3m)||1,164,769|
As of 4:01 PM EDT. Market closed.