Equities analysts expect FMC Corp (NYSE:FMC) to post $977.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for FMC’s earnings, with the highest sales estimate coming in at $980.00 million and the lowest estimate coming in at $975.00 million. FMC reported sales of $1.04 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 6%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, October 29th.
According to Zacks, analysts expect that FMC will report full year sales of $4.55 billion for the current year, with estimates ranging from $4.53 billion to $4.58 billion. For the next financial year, analysts expect that the firm will post sales of $4.84 billion, with estimates ranging from $4.74 billion to $5.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FMC.
FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.03. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. FMC had a net margin of 10.65% and a return on equity of 27.33%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS.
A number of analysts have issued reports on the stock. Buckingham Research lifted their price target on shares of FMC from $94.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 1st. SunTrust Banks lifted their price objective on shares of FMC to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets set a $100.00 price objective on shares of FMC and gave the stock a “buy” rating in a research note on Thursday, September 12th. Citigroup reissued a “buy” rating and issued a $93.00 price objective (up from $91.00) on shares of FMC in a research note on Thursday, June 13th. Finally, Royal Bank of Canada raised shares of FMC from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $87.00 to $103.00 in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $97.93.
In other FMC news, insider Nicholas Pfeiffer sold 9,218 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $90.88, for a total transaction of $837,731.84. Following the sale, the insider now owns 17,706 shares of the company’s stock, valued at approximately $1,609,121.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Pierre R. Brondeau sold 196,466 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $88.90, for a total transaction of $17,465,827.40. Following the sale, the chief executive officer now directly owns 368,778 shares in the company, valued at approximately $32,784,364.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 228,074 shares of company stock valued at $20,314,853. 1.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Huntington National Bank boosted its holdings in shares of FMC by 754.1% in the 2nd quarter. Huntington National Bank now owns 316 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 279 shares during the last quarter. Squar Milner Financial Services LLC boosted its holdings in FMC by 51.4% during the second quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock worth $32,000 after buying an additional 130 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in FMC during the second quarter worth $33,000. Advantage Investment Management LLC boosted its holdings in FMC by 248.2% during the third quarter. Advantage Investment Management LLC now owns 397 shares of the basic materials company’s stock worth $35,000 after buying an additional 283 shares in the last quarter. Finally, Ellevest Inc. boosted its holdings in FMC by 91.2% during the second quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock worth $38,000 after buying an additional 218 shares in the last quarter. 89.09% of the stock is currently owned by institutional investors.
NYSE FMC traded up $4.13 on Friday, reaching $84.05. The company had a trading volume of 19,226 shares, compared to its average volume of 969,446. The company has a quick ratio of 0.91, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $10.31 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.32 and a beta of 1.46. The firm’s 50 day moving average price is $86.15 and its 200 day moving average price is $81.89. FMC has a 12 month low of $69.36 and a 12 month high of $92.13.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. FMC’s dividend payout ratio (DPR) is presently 25.44%.
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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