FMC (FMC) Releases Earnings Results, Beats Estimates By $0.05 EPS

FMC (NYSE:FMC) announced its quarterly earnings results on Monday. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.05, reports. The firm had revenue of $979.60 million for the quarter, compared to the consensus estimate of $993.57 million. FMC had a return on equity of 16.77% and a net margin of 0.78%. The company’s quarterly revenue was up 42.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. FMC updated its Q1 guidance to $1.45-1.59 EPS and its FY18 guidance to $5.20-5.60 EPS.

FMC (NYSE:FMC) traded up $2.54 during midday trading on Monday, hitting $85.22. The stock had a trading volume of 2,409,114 shares, compared to its average volume of 1,431,259. 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 1 year low of $57.29 and a 1 year high of $98.70. The company has a market capitalization of $11,470.00, a P/E ratio of 58.67, 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 dividend on an annualized basis and a yield of 0.77%. 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 firm’s stock in a transaction dated Tuesday, December 12th. The stock was 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 of the company’s stock, valued at $619,302.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

FMC has been the topic of a number of research analyst reports. Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Monday, December 18th. Credit Suisse Group set a $111.00 price target on FMC and gave the company a “buy” rating in a report on Tuesday, January 16th. Bank of America increased their target price on FMC from $103.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Goldman Sachs Group started coverage on FMC in a report on Monday, December 4th. They issued a “neutral” rating and a $98.00 target price on the stock. Finally, Stephens started coverage on FMC in a report on Monday, December 4th. They issued an “equal weight” rating and a $91.00 target price on the stock. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $96.58.

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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 for FMC (NYSE:FMC)

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