FMC (FMC) Issues FY18 Earnings Guidance

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.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, December 28th. FMC’s dividend payout ratio (DPR) is 45.21%.

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.

Earnings History and Estimates for FMC (NYSE:FMC)

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