FMC Corp (NYSE:FMC) – Research analysts at Jefferies Group issued their FY2021 EPS estimates for FMC in a report issued on Tuesday. Jefferies Group analyst L. Alexander anticipates that the basic materials company will earn $7.30 per share for the year. Jefferies Group currently has a “Buy” rating and a $108.00 target price on the stock. Jefferies Group also issued estimates for FMC’s FY2022 earnings at $8.00 EPS.
FMC (NYSE:FMC) last issued its earnings results on Monday, November 6th. The basic materials company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. FMC had a return on equity of 16.77% and a net margin of 0.78%. The firm had revenue of $646.20 million for the quarter, compared to the consensus estimate of $686.21 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year.
Shares of FMC (FMC) traded up $0.63 on Wednesday, hitting $98.08. The stock had a trading volume of 1,120,000 shares, compared to its average volume of 964,287. FMC has a 1 year low of $56.53 and a 1 year high of $98.69. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $13,170.00, a P/E ratio of 67.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61.
Several institutional investors and hedge funds have recently bought and sold shares of FMC. Third Point LLC increased its position in shares of FMC by 10.0% during the third quarter. Third Point LLC now owns 2,200,000 shares of the basic materials company’s stock worth $196,482,000 after purchasing an additional 200,000 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of FMC by 134.4% during the third quarter. JPMorgan Chase & Co. now owns 288,014 shares of the basic materials company’s stock worth $25,334,000 after purchasing an additional 165,136 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of FMC during the third quarter worth about $5,179,000. Segall Bryant & Hamill LLC increased its position in shares of FMC by 32.2% during the third quarter. Segall Bryant & Hamill LLC now owns 220,716 shares of the basic materials company’s stock worth $19,712,000 after purchasing an additional 53,702 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of FMC by 26.3% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 193,028 shares of the basic materials company’s stock worth $17,239,000 after buying an additional 40,184 shares during the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the sale, the insider now directly owns 6,856 shares in the company, valued at $619,302.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 28th. FMC’s payout ratio is currently 45.21%.
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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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