Q2 2018 EPS Estimates for FMC Corp (FMC) Increased by Analyst

FMC Corp (NYSE:FMC) – Equities researchers at KeyCorp raised their Q2 2018 earnings estimates for shares of FMC in a research note issued to investors on Tuesday. KeyCorp analyst M. Sison now anticipates that the basic materials company will post earnings per share of $1.33 for the quarter, up from their prior estimate of $1.27. KeyCorp currently has a “Buy” rating and a $112.00 target price on the stock. KeyCorp also issued estimates for FMC’s Q3 2018 earnings at $1.22 EPS, Q4 2018 earnings at $1.43 EPS and FY2019 earnings at $6.00 EPS.

Several other equities analysts have also recently weighed in on the stock. Seaport Global Securities raised shares of FMC from a “neutral” rating to a “buy” rating in a research report on Thursday. Loop Capital reiterated a “positive” rating and issued a $111.00 price objective (up previously from $108.00) on shares of FMC in a research note on Wednesday. Credit Suisse Group set a $106.00 price objective on shares of FMC and gave the company an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating on shares of FMC in a research note on Wednesday. Finally, TheStreet lowered shares of FMC from a “b” rating to a “c” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. FMC has a consensus rating of “Buy” and an average target price of $97.63.

FMC (NYSE:FMC) opened at $85.26 on Thursday. FMC has a 1 year low of $57.29 and a 1 year high of $98.70. The firm has a market cap of $11,450.00, a PE ratio of -133.22, a P/E/G ratio of 1.34 and a beta of 1.52. 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 (NYSE:FMC) last announced its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share 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 the consensus estimate of $993.57 million. During the same period in the previous year, the business posted $0.88 EPS. FMC’s revenue was up 42.3% compared to the same quarter last year.

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

In other news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of 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. Company insiders own 1.10% of the company’s stock.

The business also recently declared 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. The ex-dividend date was Thursday, December 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. FMC’s payout ratio is currently -103.13%.

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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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