FMC Corp Forecasted to Earn Q1 2019 Earnings of $1.29 Per Share (FMC)

FMC Corp (NYSE:FMC) – Research analysts at Seaport Global Securities issued their Q1 2019 EPS estimates for shares of FMC in a research report issued on Wednesday. Seaport Global Securities analyst M. Harrison expects that the basic materials company will post earnings per share of $1.29 for the quarter. Seaport Global Securities also issued estimates for FMC’s Q2 2019 earnings at $1.42 EPS, Q3 2019 earnings at $1.44 EPS, Q4 2019 earnings at $1.71 EPS and FY2019 earnings at $5.86 EPS.

FMC (NYSE:FMC) last released its earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The firm had revenue of $646.20 million for the quarter, compared to analyst estimates of $686.21 million. FMC had a return on equity of 16.77% and a net margin of 0.78%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS.

A number of other analysts have also issued reports on FMC. BMO Capital Markets raised their target price on FMC from $80.00 to $90.00 and gave the company a “market perform” rating in a report on Wednesday, November 8th. They noted that the move was a valuation call. Loop Capital assumed coverage on FMC in a report on Thursday, September 28th. They issued a “buy” rating and a $102.00 target price on the stock. KeyCorp reissued a “buy” rating and set a $112.00 price objective on shares of FMC in a report on Monday, December 4th. Zacks Investment Research lowered FMC from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Credit Suisse Group set a $111.00 price objective on FMC and gave the stock a “buy” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.25.

FMC (NYSE:FMC) traded down $0.31 on Friday, reaching $89.86. The company’s stock had a trading volume of 2,130,000 shares, compared to its average volume of 1,120,000. The firm has a market cap of $12,060.00, a price-to-earnings ratio of 61.55, a P/E/G ratio of 1.56 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 12-month low of $56.53 and a 12-month high of $98.70.

Hedge funds have recently made changes to their positions in the stock. Advisor Partners LLC acquired a new stake in FMC in the 3rd quarter valued at $216,000. Achmea Investment Management B.V. bought a new position in FMC in the 3rd quarter valued at $246,000. Wealth Enhancement Advisory Services LLC bought a new position in FMC in the 4th quarter valued at $548,000. Anderson Hoagland & Co. bought a new position in FMC in the 4th quarter valued at $746,000. Finally, Nordea Investment Management AB raised its position in FMC by 99.7% in the 3rd quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock valued at $718,000 after purchasing an additional 4,015 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Nicholas Pfeiffer sold 375 shares of the business’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 owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, December 28th. FMC’s dividend payout ratio is 45.21%.

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FMC 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.

Earnings History and Estimates for FMC (NYSE:FMC)

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