FMC Corp. (FMC) Announces Quarterly Earnings, Beats Expectations By $0.11 EPS
FMC Corp. (NYSE:FMC) issued its quarterly earnings data on Thursday. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11, Analyst RN reports. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 23.5% on a year-over-year basis.
Shares of FMC Corp. (NYSE:FMC) opened at 69.49 on Thursday. FMC Corp. has a one year low of $55.18 and a one year high of $76.63. The stock’s 50-day moving average is $73.48 and its 200-day moving average is $71.04. The company has a market cap of $9.261 billion and a price-to-earnings ratio of 25.80.
FMC has been the subject of a number of recent research reports. Analysts at Longbow Research upgraded shares of FMC Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 15th. They now have a $86.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of FMC Corp. in a research note to investors on Tuesday, December 17th. They now have a $76.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. FMC Corp. currently has a consensus rating of “Buy” and an average price target of $73.00.
FMC Corporation (NYSE:FMC), is a diversified chemical company.
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