Brokers Set Expectations for FMC’s Q4 Earnings (NYSE:FMC)

FMC Co. (NYSE:FMC) – Research analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share (EPS) estimates for shares of FMC in a research note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings per share of $1.59 for the quarter, down from their prior forecast of $1.66. The consensus estimate for FMC’s current full-year earnings is $3.34 per share. Seaport Res Ptn also issued estimates for FMC’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.72 EPS and FY2026 earnings at $5.43 EPS.

Other equities research analysts have also recently issued reports about the company. Mizuho lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. KeyCorp lowered their target price on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Citigroup lowered their target price on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. UBS Group lowered their target price on FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Barclays raised FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 target price for the company in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average price target of $63.25.

FMC Stock Down 0.1 %

NYSE FMC opened at $54.47 on Thursday. The stock has a fifty day moving average of $53.72 and a 200-day moving average of $58.97. The stock has a market capitalization of $6.80 billion, a P/E ratio of 4.69, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. FMC has a 52 week low of $47.71 and a 52 week high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $0.44 EPS. The business’s revenue was up 8.5% on a year-over-year basis.

Institutional Trading of FMC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barnett & Company Inc. acquired a new stake in shares of FMC in the third quarter valued at about $2,265,000. Inspire Trust Co. N.A. increased its position in shares of FMC by 18.7% in the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock valued at $3,970,000 after acquiring an additional 9,500 shares during the last quarter. Reinhart Partners LLC. increased its position in FMC by 20.9% during the fourth quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock worth $11,050,000 after buying an additional 39,230 shares during the last quarter. Advisors Asset Management Inc. increased its position in FMC by 27.8% during the third quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock worth $2,867,000 after buying an additional 9,449 shares during the last quarter. Finally, First National Bank of Omaha increased its position in FMC by 85.7% during the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock worth $2,238,000 after buying an additional 15,662 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Insiders Place Their Bets

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

FMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 4.26%. FMC’s dividend payout ratio is presently 19.97%.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.