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) 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%.
COPYRIGHT VIOLATION NOTICE: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/02/15/q2-2018-eps-estimates-for-fmc-corp-fmc-increased-by-analyst.html.
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.
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.