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, Briefing.com 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.

COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/12/fmc-fmc-releases-quarterly-earnings-results-beats-expectations-by-0-07-eps.html.

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)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply