FMC Corporation (NYSE:FMC) is scheduled to release its earnings data after the market closes on Tuesday, August 1st. Analysts expect FMC Corporation to post earnings of $0.47 per share for the quarter.
FMC Corporation (NYSE:FMC) last released its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.13. The firm had revenue of $596 million during the quarter, compared to analysts’ expectations of $742.50 million. FMC Corporation had a return on equity of 17.87% and a net margin of 1.19%. On average, analysts expect FMC Corporation to post $2.43 EPS for the current fiscal year and $4.4 EPS for the next fiscal year.
FMC Corporation (FMC) opened at 76.65 on Friday. The stock has a market capitalization of $10.27 billion, a P/E ratio of 287.08 and a beta of 1.62. The stock has a 50 day moving average price of $75.51 and a 200-day moving average price of $68.51. FMC Corporation has a 1-year low of $44.40 and a 1-year high of $78.30.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, September 28th. FMC Corporation’s payout ratio is 235.72%.
Several research firms have commented on FMC. BidaskClub lowered shares of FMC Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday. Seaport Global Securities lowered shares of FMC Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $82.00 to $80.00 in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of FMC Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC upped their price target on shares of FMC Corporation from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $83.00 price target on shares of FMC Corporation in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. FMC Corporation currently has an average rating of “Hold” and a consensus target price of $76.98.
In related news, Director William Howard Powell sold 3,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $72.73, for a total transaction of $218,190.00. Following the completion of the transaction, the director now owns 17,554 shares in the company, valued at approximately $1,276,702.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Douglas sold 12,697 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the transaction, the insider now owns 73,690 shares of the company’s stock, valued at approximately $5,587,175.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,489 shares of company stock valued at $3,118,310. Insiders own 1.10% of the company’s stock.
FMC Corporation Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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