FMC Corp (NYSE:FMC) – Stock analysts at Jefferies Financial Group decreased their Q1 2019 EPS estimates for shares of FMC in a report released on Tuesday, February 12th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will earn $1.62 per share for the quarter, down from their prior forecast of $1.68. Jefferies Financial Group also issued estimates for FMC’s FY2019 earnings at $5.70 EPS, FY2020 earnings at $7.00 EPS and FY2021 earnings at $7.90 EPS.
Other equities research analysts have also issued reports about the stock. Credit Suisse Group set a $105.00 target price on shares of FMC and gave the company a “buy” rating in a research note on Monday, December 3rd. Buckingham Research started coverage on shares of FMC in a research report on Wednesday, November 14th. They set a “buy” rating and a $106.00 price objective for the company. Citigroup set a $96.00 price objective on shares of FMC and gave the company a “buy” rating in a research report on Sunday, November 11th. Loop Capital started coverage on shares of FMC in a research report on Friday, November 9th. They set a “buy” rating and a $118.00 price objective for the company. Finally, Nomura boosted their price objective on shares of FMC from $90.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. FMC currently has a consensus rating of “Buy” and an average target price of $102.36.
Shares of FMC opened at $85.35 on Thursday. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 1.01 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.68. FMC has a 1-year low of $69.36 and a 1-year high of $92.95.
FMC (NYSE:FMC) last announced its earnings results on Monday, February 11th. The basic materials company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. FMC had a net margin of 10.62% and a return on equity of 27.73%. During the same period in the previous year, the business earned $1.10 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 17th. Stockholders of record on Friday, December 28th were given a dividend of $0.40 per share. This is an increase from FMC’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, December 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. FMC’s payout ratio is presently 25.44%.
FMC declared that its Board of Directors has authorized a stock repurchase program on Monday, December 3rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
In other FMC news, Director Eduardo E. Cordeiro acquired 3,500 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was purchased at an average price of $71.90 per share, with a total value of $251,650.00. Following the transaction, the director now directly owns 21,645 shares in the company, valued at approximately $1,556,275.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of FMC. Massey Quick Simon & CO. LLC bought a new position in FMC in the 4th quarter worth $27,000. We Are One Seven LLC bought a new position in FMC in the 4th quarter worth $31,000. Lindbrook Capital LLC bought a new position in FMC in the 4th quarter worth $31,000. Riverview Trust Co bought a new position in FMC in the 4th quarter worth $32,000. Finally, Hanseatic Management Services Inc. boosted its holdings in FMC by 52.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 546 shares of the basic materials company’s stock worth $40,000 after buying an additional 187 shares during the period. 90.89% of the stock is owned by institutional investors.
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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