Analysts Anticipate FMC Co. (NYSE:FMC) to Announce $1.93 EPS

Analysts predict that FMC Co. (NYSE:FMCGet Rating) will post $1.93 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for FMC’s earnings. The lowest EPS estimate is $1.90 and the highest is $2.06. FMC reported earnings per share of $1.81 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that FMC will report full-year earnings of $7.64 per share for the current year, with EPS estimates ranging from $7.35 to $7.88. For the next financial year, analysts forecast that the business will post earnings of $8.68 per share, with EPS estimates ranging from $8.35 to $8.97. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for FMC.

FMC (NYSE:FMCGet Rating) last released its earnings results on Monday, May 2nd. The basic materials company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. FMC had a return on equity of 30.30% and a net margin of 14.64%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $1.53 earnings per share.

Several brokerages recently issued reports on FMC. Bank of America cut shares of FMC from a “buy” rating to an “underperform” rating and set a $128.00 target price for the company. in a report on Tuesday, March 22nd. Loop Capital downgraded FMC from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research note on Thursday, April 14th. Morgan Stanley raised their target price on FMC from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, February 11th. Citigroup boosted their price target on FMC from $137.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, March 22nd. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of FMC in a research note on Tuesday, February 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $130.33.

In other news, insider Nicholas Pfeiffer sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $116.40, for a total value of $291,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Finian Reilly sold 4,915 shares of the company’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $115.41, for a total transaction of $567,240.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,096 shares of company stock valued at $1,306,961. 0.57% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of FMC in the fourth quarter valued at approximately $265,158,000. Wellington Management Group LLP increased its stake in shares of FMC by 27.4% in the 3rd quarter. Wellington Management Group LLP now owns 9,130,752 shares of the basic materials company’s stock worth $836,012,000 after acquiring an additional 1,964,364 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of FMC during the 4th quarter worth $134,358,000. American Century Companies Inc. boosted its position in shares of FMC by 37.1% during the 4th quarter. American Century Companies Inc. now owns 2,890,516 shares of the basic materials company’s stock valued at $317,638,000 after acquiring an additional 781,663 shares during the last quarter. Finally, Phoenix Holdings Ltd. purchased a new stake in shares of FMC in the fourth quarter valued at about $67,306,000. Institutional investors and hedge funds own 88.44% of the company’s stock.

NYSE FMC traded down $4.05 on Monday, hitting $114.95. 20,579 shares of the company’s stock traded hands, compared to its average volume of 1,014,205. The firm’s 50-day moving average price is $129.98 and its two-hundred day moving average price is $115.45. The firm has a market capitalization of $14.47 billion, a PE ratio of 19.31, a P/E/G ratio of 1.40 and a beta of 0.82. The company has a current ratio of 1.38, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. FMC has a 1-year low of $87.27 and a 1-year high of $140.99.

FMC announced that its board has initiated a stock buyback program on Tuesday, February 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 21st. Investors of record on Thursday, June 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $2.12 annualized dividend and a dividend yield of 1.84%. FMC’s dividend payout ratio (DPR) is presently 35.69%.

About FMC (Get Rating)

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 include 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.

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