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%.

WARNING: This piece was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/15/analysts-offer-predictions-for-fmc-corps-q1-2018-earnings-fmc.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 and Estimates 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