FMC (FMC) Set to Announce Quarterly Earnings on Monday

FMC (NYSE:FMC) will issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect FMC to post earnings of $0.49 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

FMC (NYSE:FMC) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same period in the prior year, the firm posted $2.37 EPS. On average, analysts expect FMC to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FMC Stock Performance

Shares of FMC stock opened at $58.46 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $59.45 and a 200-day simple moving average of $57.99. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. FMC has a 12-month low of $49.49 and a 12-month high of $124.61.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, March 27th. FMC’s payout ratio is 22.03%.

Wall Street Analyst Weigh In

FMC has been the topic of several research analyst reports. Mizuho decreased their target price on shares of FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. KeyCorp boosted their price target on FMC from $76.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Royal Bank of Canada dropped their price objective on FMC from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. UBS Group raised FMC from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Finally, Loop Capital upped their target price on FMC from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.75.

Insiders Place Their Bets

In other news, CFO Andrew D. Sandifer bought 2,150 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the purchase, the chief financial officer now owns 50,088 shares of the company’s stock, valued at $2,966,211.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by corporate insiders.

FMC Company Profile

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 includes 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.