$0.80 EPS Expected for FMC Corp (NYSE:FMC) This Quarter

Wall Street brokerages forecast that FMC Corp (NYSE:FMC) will announce earnings per share of $0.80 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for FMC’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.79. FMC reported earnings per share of $0.98 during the same quarter last year, which indicates a negative year over year growth rate of 18.4%. The company is scheduled to report its next earnings report after the market closes on Tuesday, October 29th.

On average, analysts expect that FMC will report full-year earnings of $5.80 per share for the current year, with EPS estimates ranging from $5.76 to $5.87. For the next financial year, analysts expect that the firm 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 sell-side research analysts that follow FMC.

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

A number of equities research analysts have issued reports on FMC shares. Bank of America cut FMC from a “buy” rating to a “neutral” rating in a research note on Thursday, August 1st. BMO Capital Markets set a $100.00 target price on FMC and gave the company a “buy” rating in a research note on Thursday, September 12th. Citigroup reiterated a “buy” rating and issued a $93.00 target price (up from $91.00) on shares of FMC in a research note on Thursday, June 13th. Buckingham Research raised their target price on FMC from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, SunTrust Banks raised their target price on FMC to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $97.93.

FMC traded up $4.13 during trading hours on Friday, hitting $84.05. 19,226 shares of the stock were exchanged, compared to its average volume of 969,446. The stock has a 50-day simple moving average of $86.15 and a 200-day simple moving average of $81.89. FMC has a 12 month low of $69.36 and a 12 month high of $92.13. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.32 and a beta of 1.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 0.91.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, September 27th. FMC’s dividend payout ratio is currently 25.44%.

In related news, insider Nicholas Pfeiffer sold 9,218 shares of FMC stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.88, for a total transaction of $837,731.84. Following the sale, the insider now directly owns 17,706 shares in the company, valued at $1,609,121.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Pierre R. Brondeau sold 196,466 shares of FMC stock in a transaction dated Friday, August 9th. The shares were 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 owns 368,778 shares in the company, valued at $32,784,364.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 228,074 shares of company stock worth $20,314,853. Company insiders own 1.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its holdings 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 period. Squar Milner Financial Services LLC grew its holdings 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 period. Advantage Investment Management LLC grew its holdings in FMC by 248.2% during the third quarter. Advantage Investment Management LLC now owns 397 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 283 shares during the period. Princeton Global Asset Management LLC acquired a new position in FMC during the second quarter worth about $33,000. Finally, Ellevest Inc. grew its holdings in FMC by 91.2% during the second quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 218 shares during the period. 89.09% of the stock is currently owned by hedge funds and other institutional investors.

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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