Q4 2022 Earnings Estimate for FMC Co. (NYSE:FMC) Issued By Seaport Res Ptn

FMC Co. (NYSE:FMCGet Rating) – Investment analysts at Seaport Res Ptn dropped their Q4 2022 earnings per share estimates for FMC in a report issued on Monday, November 7th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings of $2.35 per share for the quarter, down from their prior estimate of $2.52. The consensus estimate for FMC’s current full-year earnings is $7.41 per share. Seaport Res Ptn also issued estimates for FMC’s Q2 2023 earnings at $2.01 EPS and Q3 2023 earnings at $1.57 EPS.

A number of other analysts also recently issued reports on the company. Credit Suisse Group lifted their target price on FMC from $105.00 to $112.00 and gave the company an “underperform” rating in a research report on Wednesday, November 2nd. Royal Bank of Canada lifted their price target on FMC from $133.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 4th. UBS Group reduced their price target on FMC from $149.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. StockNews.com upgraded FMC from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Finally, Citigroup lifted their price target on FMC from $127.00 to $128.00 in a report on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.09.

FMC Price Performance

NYSE:FMC opened at $125.87 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.93 and a current ratio of 1.41. The stock’s 50-day simple moving average is $112.49 and its 200 day simple moving average is $112.95. The company has a market cap of $15.86 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.68 and a beta of 0.83. FMC has a 52-week low of $98.24 and a 52-week high of $140.99.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FMC. BlackRock Inc. increased its holdings in shares of FMC by 6.7% during the first quarter. BlackRock Inc. now owns 10,809,549 shares of the basic materials company’s stock worth $1,422,214,000 after buying an additional 679,446 shares in the last quarter. PGGM Investments bought a new stake in shares of FMC in the third quarter worth $55,578,000. Invesco Ltd. grew its stake in shares of FMC by 41.5% in the first quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock worth $208,094,000 after purchasing an additional 463,542 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of FMC by 5.1% in the first quarter. Wellington Management Group LLP now owns 8,913,651 shares of the basic materials company’s stock worth $1,172,769,000 after purchasing an additional 436,423 shares during the last quarter. Finally, Glenview Capital Management LLC grew its stake in shares of FMC by 112.8% in the second quarter. Glenview Capital Management LLC now owns 758,499 shares of the basic materials company’s stock worth $81,167,000 after purchasing an additional 401,978 shares during the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.

FMC Company Profile

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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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Earnings History and Estimates for FMC (NYSE:FMC)

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