FMC (FMC) Updates Q1 Earnings Guidance

FMC (NYSE:FMC) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.45-1.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. FMC also updated its FY18 guidance to $5.20-5.60 EPS.

Several equities analysts recently weighed in on FMC shares. Zacks Investment Research raised shares of FMC from a hold rating to a buy rating and set a $101.00 target price for the company in a research note on Monday, December 18th. Credit Suisse Group set a $111.00 target price on shares of FMC and gave the company a buy rating in a research note on Tuesday, January 16th. Bank of America upped their target price on shares of FMC from $103.00 to $105.00 and gave the company a buy rating in a research note on Wednesday, November 8th. Goldman Sachs Group assumed coverage on shares of FMC in a research note on Monday, December 4th. They issued a neutral rating and a $98.00 target price for the company. Finally, Stephens assumed coverage on shares of FMC in a research note on Monday, December 4th. They issued an equal weight rating and a $91.00 target price for the company. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. FMC presently has a consensus rating of Buy and a consensus price target of $96.58.

Shares of FMC (NYSE:FMC) traded up $2.54 on Monday, reaching $85.22. 2,405,947 shares of the company traded hands, compared to its average volume of 1,431,055. The firm has a market capitalization of $11,470.00, a PE ratio of 58.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. 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 fifty-two week low of $57.29 and a fifty-two week high of $98.70.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $979.60 million during 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%. The company’s revenue for the quarter was up 42.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. equities research analysts predict that FMC will post 2.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, December 28th. FMC’s dividend payout ratio is presently 45.21%.

In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction dated 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 directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

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About FMC

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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