FMC Corporation (FMC) Expected to Announce Earnings of $0.63 Per Share
Equities analysts expect FMC Corporation (NYSE:FMC) to announce earnings of $0.63 per share for the current quarter, Zacks reports. Four analysts have provided estimates for FMC Corporation’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.60. FMC Corporation posted earnings of $0.67 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 6%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, November 6th.
On average, analysts expect that FMC Corporation will report full-year earnings of $2.42 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.45. For the next fiscal year, analysts forecast that the business will report earnings of $5.02 per share, with EPS estimates ranging from $3.99 to $5.50. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover FMC Corporation.
FMC Corporation (NYSE:FMC) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The company had revenue of $656.80 million during the quarter, compared to analyst estimates of $614.01 million. During the same quarter last year, the firm earned $0.46 EPS. The business’s revenue was up 6.7% on a year-over-year basis.
Several research analysts recently commented on the stock. KeyCorp increased their target price on shares of FMC Corporation from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $108.00 target price on shares of FMC Corporation in a research note on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $93.00 target price on shares of FMC Corporation in a research note on Wednesday, October 11th. Piper Jaffray Companies set a $85.00 target price on shares of FMC Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of FMC Corporation from a “hold” rating to a “strong-buy” rating and set a $103.00 target price on the stock in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.24.
Shares of FMC Corporation (NYSE FMC) traded down 0.36% during mid-day trading on Monday, reaching $94.21. The company’s stock had a trading volume of 642,927 shares. The company has a 50 day moving average of $90.27 and a 200-day moving average of $80.06. FMC Corporation has a 12 month low of $45.91 and a 12 month high of $95.08. The firm has a market capitalization of $12.64 billion, a P/E ratio of 279.55 and a beta of 1.61.
In other news, VP Andrea E. Utecht sold 14,174 shares of FMC Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the sale, the vice president now owns 131,639 shares of the company’s stock, valued at approximately $11,057,676. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in FMC. Teachers Advisors LLC lifted its position in FMC Corporation by 244.3% during the 1st quarter. Teachers Advisors LLC now owns 522,556 shares of the basic materials company’s stock valued at $36,365,000 after acquiring an additional 370,781 shares during the period. Point72 Asset Management L.P. purchased a new position in FMC Corporation during the 1st quarter valued at about $19,743,000. Canada Pension Plan Investment Board lifted its position in FMC Corporation by 78.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 219,070 shares of the basic materials company’s stock valued at $16,003,000 after acquiring an additional 96,559 shares during the period. Dimensional Fund Advisors LP lifted its position in FMC Corporation by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 515,431 shares of the basic materials company’s stock valued at $35,840,000 after acquiring an additional 37,011 shares during the period. Finally, Bank of Nova Scotia purchased a new position in FMC Corporation during the 1st quarter valued at about $2,123,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
FMC Corporation Company Profile
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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