FMC Corporation (FMC) Scheduled to Post Quarterly Earnings on Monday
FMC Corporation (NYSE:FMC) will announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. FMC Corporation has set its FY17 guidance at $2.30-2.50 EPS.
FMC Corporation (NYSE:FMC) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The business had revenue of $656.80 million for the quarter, compared to the consensus estimate of $614.01 million. During the same period in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts expect FMC Corporation to post $2.43 EPS for the current fiscal year and $5.15 EPS for the next fiscal year.
FMC Corporation (NYSE FMC) opened at 92.51 on Monday. FMC Corporation has a 1-year low of $45.91 and a 1-year high of $95.08. The company’s 50-day moving average price is $91.10 and its 200-day moving average price is $80.78. The firm has a market capitalization of $12.41 billion, a P/E ratio of 274.51 and a beta of 1.61.
FMC has been the topic of several research reports. Zacks Investment Research raised FMC Corporation from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $85.00 price objective on shares of FMC Corporation in a research report on Tuesday, September 5th. KeyCorp reaffirmed a “buy” rating and set a $98.00 price objective on shares of FMC Corporation in a research report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 price objective on shares of FMC Corporation in a research report on Wednesday, July 12th. Finally, Credit Suisse Group set a $93.00 price objective on FMC Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $88.24.
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In related news, VP Andrea E. Utecht sold 14,174 shares of the business’s 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 completion of the transaction, the vice president now directly owns 131,639 shares in the company, valued at approximately $11,057,676. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.
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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