$1.62 Earnings Per Share Expected for FMC Corp (FMC) This Quarter

Wall Street analysts expect that FMC Corp (NYSE:FMC) will post $1.62 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FMC’s earnings, with the highest EPS estimate coming in at $1.64 and the lowest estimate coming in at $1.60. FMC reported earnings of $1.84 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12%. The business is expected to report its next earnings report after the market closes on Monday, May 6th.

According to Zacks, analysts expect that FMC will report full-year earnings of $5.67 per share for the current year, with EPS estimates ranging from $5.59 to $5.81. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.57 per share, with EPS estimates ranging from $6.16 to $7.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover FMC.

FMC (NYSE:FMC) last posted its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.64 by $0.05. FMC had a net margin of 10.62% and a return on equity of 27.73%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $1.10 EPS.

FMC has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $112.00 price objective (up previously from $108.00) on shares of FMC in a research note on Thursday, March 21st. Loop Capital reduced their price objective on shares of FMC from $118.00 to $101.00 and set a “buy” rating for the company in a research note on Sunday, March 3rd. KeyCorp reduced their price objective on shares of FMC from $112.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. Stephens set a $95.00 price objective on shares of FMC and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, Credit Suisse Group reduced their price objective on shares of FMC from $112.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $98.69.

Shares of FMC stock traded down $0.54 on Thursday, hitting $79.88. 118,476 shares of the company traded hands, compared to its average volume of 1,011,082. The company has a quick ratio of 0.98, a current ratio of 1.35 and a debt-to-equity ratio of 0.68. FMC has a 12-month low of $69.36 and a 12-month high of $92.95. The stock has a market cap of $10.57 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.31 and a beta of 1.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 28th. FMC’s dividend payout ratio is 25.44%.

In other news, Director Robert C. Pallash sold 6,992 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $87.28, for a total transaction of $610,261.76. Following the transaction, the director now owns 37,458 shares in the company, valued at approximately $3,269,334.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Andrea E. Utecht sold 30,464 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $84.39, for a total transaction of $2,570,856.96. Following the transaction, the vice president now owns 104,231 shares in the company, valued at approximately $8,796,054.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,880 shares of company stock valued at $11,144,839. Company insiders own 1.50% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY grew its holdings in shares of FMC by 0.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 22,243 shares of the basic materials company’s stock valued at $1,645,000 after purchasing an additional 127 shares during the last quarter. Cigna Investments Inc. New grew its position in FMC by 3.6% during the fourth quarter. Cigna Investments Inc. New now owns 3,949 shares of the basic materials company’s stock valued at $292,000 after buying an additional 137 shares during the period. Hanseatic Management Services Inc. grew its position in FMC by 52.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 546 shares of the basic materials company’s stock valued at $40,000 after buying an additional 187 shares during the period. Daiwa Securities Group Inc. grew its position in FMC by 4.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,056 shares of the basic materials company’s stock valued at $374,000 after buying an additional 200 shares during the period. Finally, North Star Investment Management Corp. grew its position in FMC by 16.3% during the fourth quarter. North Star Investment Management Corp. now owns 1,512 shares of the basic materials company’s stock valued at $112,000 after buying an additional 212 shares during the period. Institutional investors own 90.64% of the company’s stock.

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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Earnings History and Estimates for FMC (NYSE:FMC)

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