FMC (NYSE:FMC) Announces Earnings Results

FMC (NYSE:FMC) released its earnings results on Tuesday. The basic materials company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20, Briefing.com reports. FMC had a return on equity of 7.52% and a net margin of 33.97%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $0.44 EPS. FMC’s quarterly revenue was up 8.5% compared to the same quarter last year.

FMC Stock Up 10.7 %

Shares of FMC stock opened at $66.62 on Thursday. The business’s fifty day moving average price is $63.23 and its two-hundred day moving average price is $60.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07. The company has a market capitalization of $8.32 billion, a P/E ratio of 6.02, a PEG ratio of 1.59 and a beta of 0.85. FMC has a 1-year low of $49.49 and a 1-year high of $68.72.

Analyst Ratings Changes

FMC has been the topic of a number of research analyst reports. Barclays increased their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Citigroup started coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. Redburn Atlantic raised FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. KeyCorp cut their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, BMO Capital Markets raised their price target on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $67.00.

FMC Company Profile

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.