FMC (NYSE:FMC) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $5.20-5.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.33. FMC also updated its Q1 guidance to $1.45-1.59 EPS.
Shares of FMC (NYSE:FMC) traded up $2.54 during trading on Monday, hitting $85.22. 2,405,947 shares of the stock were exchanged, compared to its average volume of 1,431,055. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.81 and a current ratio of 2.19. The stock has a market capitalization of $11,470.00, a P/E ratio of 58.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. FMC has a 52-week low of $57.29 and a 52-week high of $98.70.
FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. The company had revenue of $979.60 million for the quarter, compared to analysts’ expectations of $993.57 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. FMC’s revenue for the quarter was up 42.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. equities research analysts expect that FMC will post 2.65 EPS for the current year.
FMC has been the topic of several research analyst reports. KeyCorp upped their price objective on shares of FMC from $98.00 to $105.00 and gave the stock a buy rating in a research report on Monday, October 16th. Zacks Investment Research cut shares of FMC from a strong-buy rating to a hold rating in a research report on Friday, November 10th. Credit Suisse Group set a $111.00 price target on shares of FMC and gave the company a buy rating in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated an outperform rating and set a $110.00 price target (up from $102.00) on shares of FMC in a research report on Thursday, November 9th. Finally, Goldman Sachs Group initiated coverage on shares of FMC in a research report on Monday, December 4th. They set a neutral rating and a $98.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $96.58.
In other news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the transaction, the insider now owns 6,856 shares in the company, valued at $619,302.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.
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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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