Brokerages Anticipate FMC Corp (FMC) Will Post Quarterly Sales of $1.00 Billion
Wall Street brokerages predict that FMC Corp (NYSE:FMC) will post $1.00 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for FMC’s earnings, with estimates ranging from $974.40 million to $1.03 billion. FMC reported sales of $865.60 million in the same quarter last year, which indicates a positive year over year growth rate of 15.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 5th.
On average, analysts expect that FMC will report full-year sales of $1.00 billion for the current year, with estimates ranging from $2.69 billion to $2.93 billion. For the next year, analysts anticipate that the firm will report sales of $4.39 billion per share, with estimates ranging from $4.31 billion to $4.48 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for FMC.
FMC (NYSE:FMC) last released its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS.
Shares of FMC (FMC) opened at $98.08 on Friday. The stock has a market cap of $13,170.00, a PE ratio of 67.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. FMC has a 52-week low of $56.53 and a 52-week high of $98.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be issued a $0.165 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. FMC’s dividend payout ratio is currently 45.21%.
In other news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the completion of the sale, the insider now owns 6,856 shares in the company, valued at approximately $619,302.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FMC. Schroder Investment Management Group raised its stake in shares of FMC by 692.7% during the 2nd quarter. Schroder Investment Management Group now owns 32,500 shares of the basic materials company’s stock worth $2,384,000 after acquiring an additional 28,400 shares in the last quarter. Dorsey Wright & Associates bought a new position in shares of FMC during the 2nd quarter worth approximately $1,667,000. New York State Common Retirement Fund raised its stake in shares of FMC by 7.1% during the 2nd quarter. New York State Common Retirement Fund now owns 327,500 shares of the basic materials company’s stock worth $23,924,000 after acquiring an additional 21,799 shares in the last quarter. Hanseatic Management Services Inc. raised its stake in shares of FMC by 13.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after acquiring an additional 1,688 shares in the last quarter. Finally, Cibc World Markets Corp raised its stake in shares of FMC by 35.5% during the 2nd quarter. Cibc World Markets Corp now owns 18,936 shares of the basic materials company’s stock worth $1,383,000 after acquiring an additional 4,961 shares in the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.
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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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