FMC (FMC) to Release Quarterly Earnings on Monday

FMC (NYSE:FMC) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect FMC to post earnings of $0.49 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter in the prior year, the business earned $2.37 EPS. On average, analysts expect FMC to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FMC Stock Up 1.1 %

FMC stock opened at $58.46 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. The company’s 50-day moving average is $59.45 and its 200-day moving average is $57.99. The firm has a market capitalization of $7.30 billion, a PE ratio of 5.55, a P/E/G ratio of 1.88 and a beta of 0.87. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $124.61.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, March 27th. FMC’s payout ratio is currently 22.03%.

Insider Activity at FMC

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $59.22 per share, for a total transaction of $127,323.00. Following the purchase, the chief financial officer now owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FMC has been the subject of several research analyst reports. UBS Group upgraded FMC from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $84.00 in a research note on Wednesday, March 20th. Bank of America downgraded shares of FMC from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $60.00 to $57.00 in a report on Tuesday, January 16th. BNP Paribas lowered shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective on the stock. in a research report on Wednesday, February 7th. BMO Capital Markets reduced their target price on shares of FMC from $63.00 to $61.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. Finally, KeyCorp upped their price target on shares of FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, FMC has a consensus rating of “Hold” and a consensus target price of $71.75.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.