FMC Corp. (NYSE:FMC) – Stock analysts at First Analysis issued their FY2016 earnings per share (EPS) estimates for shares of FMC Corp. in a report issued on Monday. First Analysis analyst forecasts that the brokerage will earn $2.75 per share for the year.
FMC Corp. (NYSE:FMC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The company had revenue of $810.30 million for the quarter, compared to analyst estimates of $889.70 million. FMC Corp. had a negative net margin of 2.79% and a positive return on equity of 16.35%. FMC Corp.’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share.
Several other equities analysts have also weighed in on FMC. Zacks Investment Research upgraded shares of FMC Corp. from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, June 15th. Credit Suisse Group AG reiterated a “hold” rating on shares of FMC Corp. in a report on Monday, June 27th. KeyCorp reiterated a “buy” rating on shares of FMC Corp. in a report on Wednesday, June 29th. Nomura reiterated a “hold” rating on shares of FMC Corp. in a report on Tuesday, July 12th. Finally, Citigroup Inc. boosted their target price on shares of FMC Corp. from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.07.
FMC Corp. (NYSE:FMC) opened at 48.05 on Wednesday. The stock’s market capitalization is $6.43 billion. FMC Corp. has a one year low of $32.24 and a one year high of $50.57. The company’s 50-day moving average is $47.43 and its 200 day moving average is $46.09.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, September 28th. FMC Corp.’s payout ratio is currently -94.29%.
A number of large investors have recently made changes to their positions in the company. Tredje AP fonden increased its stake in shares of FMC Corp. by 603.2% in the second quarter. Tredje AP fonden now owns 2,180 shares of the company’s stock valued at $101,000 after buying an additional 1,870 shares during the last quarter. IFP Advisors Inc increased its stake in shares of FMC Corp. by 11,180.0% in the second quarter. IFP Advisors Inc now owns 2,256 shares of the company’s stock worth $104,000 after buying an additional 2,236 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of FMC Corp. by 112.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,347 shares of the company’s stock worth $109,000 after buying an additional 1,241 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of FMC Corp. during the second quarter worth approximately $155,000. Finally, Investment Counselors of Maryland LLC increased its stake in shares of FMC Corp. by 3.0% in the second quarter. Investment Counselors of Maryland LLC now owns 3,394 shares of the company’s stock worth $157,000 after buying an additional 100 shares in the last quarter. 94.55% of the stock is currently owned by hedge funds and other institutional investors.
About FMC Corp.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
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