Equities Analysts Set Expectations for FMC Corporation’s Q3 2017 Earnings (FMC)
FMC Corporation (NYSE:FMC) – Analysts at First Analysis issued their Q3 2017 earnings estimates for FMC Corporation in a research note issued to investors on Wednesday. First Analysis analyst forecasts that the basic materials company will post earnings of $0.64 per share for the quarter. First Analysis also issued estimates for FMC Corporation’s Q4 2017 earnings at $0.87 EPS, FY2017 earnings at $2.42 EPS and FY2018 earnings at $5.12 EPS.
Other analysts have also issued reports about the stock. Jefferies Group LLC increased their price target on shares of FMC Corporation from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Royal Bank Of Canada increased their price target on shares of FMC Corporation from $83.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of FMC Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Nomura raised shares of FMC Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $97.00 in a research report on Friday, August 4th. Finally, BidaskClub lowered shares of FMC Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $84.49.
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Shares of FMC Corporation (FMC) opened at 87.66 on Friday. The stock has a market capitalization of $11.76 billion, a P/E ratio of 260.12 and a beta of 1.60. The company has a 50-day moving average of $82.49 and a 200-day moving average of $73.45. FMC Corporation has a 12-month low of $44.40 and a 12-month high of $88.19.
FMC Corporation (NYSE:FMC) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The firm had revenue of $656.80 million during the quarter, compared to the consensus estimate of $614.01 million. During the same period in the previous year, the firm earned $0.46 earnings per share. FMC Corporation’s revenue was up 6.7% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.66 annualized dividend and a yield of 0.75%. FMC Corporation’s dividend payout ratio (DPR) is presently 188.58%.
In other FMC Corporation news, insider Mark Douglas sold 12,697 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the transaction, the insider now owns 73,690 shares in the company, valued at $5,587,175.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Andrea E. Utecht sold 14,174 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total value of $1,190,616.00. Following the transaction, the vice president now owns 131,639 shares in the company, valued at approximately $11,057,676. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC grew its holdings in FMC Corporation by 522.9% during the first quarter. Acrospire Investment Management LLC now owns 1,906 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 1,600 shares during the last quarter. Aviance Capital Management LLC acquired a new position in FMC Corporation during the first quarter valued at approximately $200,000. United Capital Financial Advisers LLC acquired a new position in FMC Corporation during the first quarter valued at approximately $202,000. Cleararc Capital Inc. acquired a new position in FMC Corporation during the first quarter valued at approximately $226,000. Finally, Virginia Retirement Systems ET AL acquired a new position in FMC Corporation during the first quarter valued at approximately $230,000. Institutional investors own 90.45% of the company’s stock.
About FMC Corporation
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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