Analysts Offer Predictions for FMC Corp’s Q1 2018 Earnings (FMC)

FMC Corp (NYSE:FMC) – Jefferies Group reduced their Q1 2018 EPS estimates for FMC in a note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $1.51 per share for the quarter, down from their previous estimate of $1.58. Jefferies Group also issued estimates for FMC’s Q4 2018 earnings at $1.17 EPS, FY2020 earnings at $6.50 EPS, FY2021 earnings at $7.05 EPS and FY2022 earnings at $7.75 EPS.

FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million during the quarter, compared to analyst estimates of $993.57 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. FMC’s revenue for the quarter was up 42.3% compared to the same quarter last year.

Several other brokerages have also issued reports on FMC. Seaport Global Securities upgraded FMC from a “neutral” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered 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 target price on FMC and gave the company a “buy” rating in a research note on Tuesday, January 16th. Royal Bank of Canada restated an “outperform” rating and issued a $110.00 target price (up previously from $102.00) on shares of FMC in a research note on Thursday, November 9th. Finally, Goldman Sachs Group initiated coverage on FMC in a research note on Monday, December 4th. They issued a “neutral” rating and a $98.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. FMC currently has an average rating of “Buy” and a consensus price target of $97.63.

FMC (NYSE FMC) opened at $85.26 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.81. FMC has a 12-month low of $57.29 and a 12-month high of $98.70. The stock has a market capitalization of $11,450.00, a P/E ratio of -133.22, a P/E/G ratio of 1.34 and a beta of 1.52.

Institutional investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of FMC during the 4th quarter worth approximately $123,000. Assetmark Inc. raised its stake in FMC by 212.2% in the 4th quarter. Assetmark Inc. now owns 1,489 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 1,012 shares during the period. Tower Research Capital LLC TRC raised its stake in FMC by 256.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,732 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 1,246 shares during the period. Tiemann Investment Advisors LLC bought a new stake in FMC in the 4th quarter valued at $202,000. Finally, Two Sigma Securities LLC bought a new stake in FMC in the 4th quarter valued at $203,000. Institutional investors own 90.81% of the company’s stock.

In other news, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total transaction of $33,873.75. Following the sale, the insider now owns 6,856 shares in the company, valued at approximately $619,302.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

The business also recently disclosed 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 was Thursday, December 28th. FMC’s dividend payout ratio is currently -103.13%.

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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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