Wall Street analysts expect FMC Corp (NYSE:FMC) to announce earnings per share (EPS) of $1.11 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for FMC’s earnings, with the lowest EPS estimate coming in at $1.09 and the highest estimate coming in at $1.16. FMC posted earnings of $0.94 per share during the same quarter last year, which would suggest a positive year over year growth rate of 18.1%. The firm is expected to report its next earnings results on Tuesday, November 3rd.
According to Zacks, 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 expect that the business will report earnings of $7.25 per share, with EPS estimates ranging from $7.04 to $7.58. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover FMC.
FMC (NYSE:FMC) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.06. The firm had revenue of $1.16 billion during 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%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.66 earnings per share.
A number of brokerages recently weighed in on FMC. Wells Fargo & Company raised their target price on shares of FMC from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. KeyCorp raised their target price on shares of FMC from $108.00 to $119.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Citigroup raised their price objective on shares of FMC from $119.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. ValuEngine raised shares of FMC from a “sell” rating to a “hold” rating in a research note on Friday, August 7th. Finally, G.Research reaffirmed a “buy” rating on shares of FMC in a research note on Thursday, August 27th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $114.19.
Shares of NYSE:FMC opened at $110.53 on Thursday. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 1.60 and a beta of 1.16. FMC has a 1-year low of $56.77 and a 1-year high of $112.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.17 and a current ratio of 1.60. The company has a 50 day moving average price of $108.37 and a 200 day moving average price of $95.95.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, September 29th. FMC’s dividend payout ratio (DPR) is currently 28.90%.
In other FMC news, CEO Mark Douglas sold 52,480 shares of FMC stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $109.40, for a total transaction of $5,741,312.00. Following the completion of the sale, the chief executive officer now owns 40,928 shares of the company’s stock, valued at approximately $4,477,523.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.99% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FMC. Flagship Harbor Advisors LLC bought a new position in shares of FMC during the 2nd quarter valued at $37,000. Lindbrook Capital LLC raised its holdings in shares of FMC by 3,980.0% during the 2nd quarter. Lindbrook Capital LLC now owns 408 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 398 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of FMC during the 1st quarter valued at $65,000. Federated Hermes Inc. raised its holdings in shares of FMC by 142.6% during the 1st quarter. Federated Hermes Inc. now owns 1,099 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 646 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA raised its holdings in shares of FMC by 112.3% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 981 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 88.35% of the company’s stock.
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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