FMC (NYSE:FMC) Releases Quarterly Earnings Results, Misses Estimates By $4.49 EPS

FMC (NYSE:FMC) issued its quarterly earnings results on Thursday. The basic materials company reported ($4.41) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($4.49), FiscalAI reports. The company had revenue of $105.90 million during the quarter, compared to analysts’ expectations of $487.63 million. FMC had a positive return on equity of 11.35% and a negative net margin of 84.83%. The business’s quarterly revenue was down 80.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS.

FMC Price Performance

FMC stock opened at $6.49 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $812.10 million, a PE ratio of -0.20 and a beta of 0.45. The business’s fifty day moving average price is $9.03 and its 200 day moving average price is $12.42. FMC has a 12-month low of $4.37 and a 12-month high of $18.29.

Analysts Set New Price Targets

FMC has been the topic of a number of research analyst reports. Seaport Research Partners set a $21.00 price target on FMC in a research note on Tuesday, August 4th. The Goldman Sachs Group restated a “buy” rating and issued a $18.00 price objective on shares of FMC in a report on Friday, July 31st. Mizuho set a $10.00 target price on shares of FMC in a research note on Thursday, October 15th. Royal Bank Of Canada dropped their target price on shares of FMC from $9.00 to $7.00 and set a “sector perform” rating for the company in a report on Monday. Finally, Morgan Stanley dropped their target price on shares of FMC from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.89.

FMC Company Profile

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.