Brokerages Anticipate FMC Corp (NYSE:FMC) Will Announce Earnings of $0.80 Per Share

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Wall Street analysts forecast that FMC Corp (NYSE:FMC) will report earnings per share (EPS) of $0.80 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for FMC’s earnings, with estimates ranging from $0.79 to $0.81. FMC posted earnings per share of $0.98 in the same quarter last year, which indicates a negative year-over-year growth rate of 18.4%. The business is expected to report its next earnings results on Monday, November 4th.

On average, analysts expect that FMC will report full year earnings of $5.80 per share for the current fiscal year, with EPS estimates ranging from $5.76 to $5.87. For the next financial year, analysts expect that the company will report earnings of $6.69 per share, with EPS estimates ranging from $6.54 to $6.85. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for FMC.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.03. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. FMC had a return on equity of 27.33% and a net margin of 10.65%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share.

FMC has been the topic of a number of recent analyst reports. Buckingham Research raised their price target on FMC from $94.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Morgan Stanley started coverage on FMC in a report on Monday, May 20th. They set an “equal weight” rating and a $82.00 price target on the stock. Royal Bank of Canada raised FMC from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $87.00 to $103.00 in a report on Friday, August 9th. Goldman Sachs Group cut FMC from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research raised FMC from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Monday, June 3rd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. FMC has an average rating of “Buy” and an average target price of $96.85.

In other FMC news, CEO Pierre R. Brondeau sold 196,466 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $88.90, for a total transaction of $17,465,827.40. Following the sale, the chief executive officer now directly owns 368,778 shares of the company’s stock, valued at $32,784,364.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Pfeiffer sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $80.67, for a total value of $197,318.82. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Huntington National Bank increased its stake in FMC by 754.1% during the second quarter. Huntington National Bank now owns 316 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 279 shares during the last quarter. Squar Milner Financial Services LLC increased its stake in FMC by 51.4% during the second quarter. Squar Milner Financial Services LLC now owns 383 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 130 shares during the last quarter. Global Retirement Partners LLC increased its stake in FMC by 128.6% during the first quarter. Global Retirement Partners LLC now owns 455 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 256 shares during the last quarter. Ellevest Inc. boosted its position in shares of FMC by 91.2% during the second quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock valued at $38,000 after buying an additional 218 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of FMC by 46.9% during the second quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock valued at $42,000 after buying an additional 160 shares during the period. 89.79% of the stock is currently owned by institutional investors.

NYSE:FMC opened at $82.82 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. The business’s 50-day simple moving average is $84.95 and its two-hundred day simple moving average is $81.13. The stock has a market cap of $11.24 billion, a PE ratio of 13.17, a P/E/G ratio of 1.44 and a beta of 1.49. FMC has a 52 week low of $69.36 and a 52 week high of $92.76.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. FMC’s dividend payout ratio (DPR) is 25.44%.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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