$1.03 EPS Expected for FMC Corp (FMC) This Quarter

Equities analysts expect FMC Corp (NYSE:FMC) to announce $1.03 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for FMC’s earnings. The highest EPS estimate is $1.08 and the lowest is $0.98. FMC reported earnings per share of $0.88 in the same quarter last year, which would indicate a positive year-over-year growth rate of 17%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, February 12th.

According to Zacks, analysts expect that FMC will report full-year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.70. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.37 per share, with EPS estimates ranging from $5.13 to $5.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for FMC.

FMC (NYSE:FMC) last posted its quarterly earnings data 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. FMC had a return on equity of 16.77% and a net margin of 0.78%. The company had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. During the same quarter in the previous year, the business earned $0.67 EPS. FMC’s revenue was up 2.8% compared to the same quarter last year.

A number of equities analysts recently issued reports on FMC shares. KeyCorp boosted their price objective on FMC from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, October 16th. Zacks Investment Research cut FMC from a “strong-buy” rating to a “hold” rating in a report on Friday, November 10th. Credit Suisse Group set a $111.00 price objective on FMC and gave the company a “buy” rating in a report on Tuesday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $110.00 price objective (up previously from $102.00) on shares of FMC in a report on Thursday, November 9th. Finally, Goldman Sachs Group began coverage on FMC in a report on Monday, December 4th. They issued a “neutral” rating and a $98.00 target price for the company. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $95.25.

FMC (NYSE:FMC) opened at $83.97 on Thursday. FMC has a 1-year low of $56.53 and a 1-year high of $98.70. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11,270.00, a price-to-earnings ratio of 57.51, a P/E/G ratio of 1.37 and a beta of 1.52.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, December 28th. FMC’s dividend payout ratio is 45.21%.

In other 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 completion of the transaction, the insider now directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of FMC in the 4th quarter worth $123,000. Roundview Capital LLC bought a new position in shares of FMC in the 4th quarter worth $204,000. Advisor Partners LLC bought a new position in shares of FMC in the 3rd quarter worth $216,000. Clarus Wealth Advisors bought a new position in shares of FMC in the 4th quarter worth $221,000. Finally, Allegis Investment Advisors LLC bought a new position in shares of FMC in the 4th quarter worth $235,000. 89.36% of the stock is owned by hedge funds and other institutional investors.

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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.

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Earnings History and Estimates for FMC (NYSE:FMC)

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