Analysts predict that FMC Corp (NYSE:FMC) will post earnings per share (EPS) of $1.11 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for FMC’s earnings, with estimates ranging from $1.09 to $1.16. FMC reported earnings of $0.94 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18.1%. The business is expected to report its next quarterly earnings report on Tuesday, November 3rd.
On average, analysts expect that FMC will report full year earnings of $6.46 per share for the current fiscal year, with EPS estimates ranging from $6.35 to $6.63. For the next fiscal year, analysts anticipate that the business will report earnings of $7.25 per share, with EPS estimates ranging from $7.04 to $7.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for FMC.
FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.21 billion. FMC had a net margin of 10.35% and a return on equity of 30.31%. FMC’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 EPS.
Several equities research analysts have recently commented on FMC shares. Truist Financial upped their price target on shares of FMC from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. They noted that the move was a valuation call. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Wednesday, June 3rd. Citigroup upped their price target on shares of FMC from $119.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. KeyCorp upped their price target on shares of FMC from $108.00 to $119.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Credit Suisse Group upped their price target on shares of FMC from $127.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $114.19.
Shares of FMC stock opened at $110.53 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.60 and a quick ratio of 1.17. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 1.60 and a beta of 1.16. The firm’s 50-day moving average is $108.37 and its 200 day moving average is $95.95. FMC has a 1 year low of $56.77 and a 1 year high of $112.53.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.76 annualized dividend and a yield of 1.59%. FMC’s payout ratio is 28.90%.
In other FMC news, CEO Mark Douglas sold 52,480 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $109.40, for a total value of $5,741,312.00. Following the completion of the transaction, the chief executive officer now directly owns 40,928 shares in the company, valued at approximately $4,477,523.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.99% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its stake in FMC by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 100 shares during the period. Seelaus Asset Management LLC boosted its position in shares of FMC by 1.0% during the 2nd quarter. Seelaus Asset Management LLC now owns 10,500 shares of the basic materials company’s stock valued at $1,046,000 after acquiring an additional 100 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of FMC by 4.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,677 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 106 shares during the last quarter. Creative Planning boosted its position in shares of FMC by 1.5% during the 2nd quarter. Creative Planning now owns 8,568 shares of the basic materials company’s stock valued at $854,000 after acquiring an additional 126 shares during the last quarter. Finally, Navellier & Associates Inc boosted its position in shares of FMC by 5.8% during the 1st quarter. Navellier & Associates Inc now owns 2,918 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 159 shares during the last quarter. Institutional investors and hedge funds own 88.35% of the company’s stock.
FMC Company Profile
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.
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