KeyCorp Comments on FMC Co.’s Q4 2018 Earnings (FMC)

FMC Co. (NYSE:FMC) – Research analysts at KeyCorp upped their Q4 2018 earnings per share (EPS) estimates for shares of FMC in a report released on Wednesday, April 11th. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings of $1.45 per share for the quarter, up from their previous estimate of $1.43.

FMC (NYSE:FMC) last posted its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million for the quarter, compared to analysts’ expectations of $993.57 million. FMC had a net margin of 18.61% and a return on equity of 16.82%. The firm’s revenue for the quarter was up 42.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets raised shares of FMC from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday. Piper Jaffray set a $90.00 target price on shares of FMC and gave the company a “hold” rating in a research note on Thursday, February 15th. Loop Capital reissued a “positive” rating and issued a $111.00 target price (up previously from $108.00) on shares of FMC in a research note on Wednesday, February 14th. Seaport Global Securities raised shares of FMC from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, Citigroup raised shares of FMC from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $97.42.

NYSE FMC opened at $80.33 on Monday. The stock has a market capitalization of $10,746.45, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. FMC has a twelve month low of $69.93 and a twelve month high of $98.70. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11.

Hedge funds have recently made changes to their positions in the company. Anderson Hoagland & Co. acquired a new position in shares of FMC during the fourth quarter worth approximately $746,000. National Pension Service lifted its holdings in FMC by 41,010.3% in the fourth quarter. National Pension Service now owns 147,175 shares of the basic materials company’s stock valued at $13,932,000 after buying an additional 146,817 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in FMC by 647.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock valued at $144,522,000 after buying an additional 1,322,470 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in FMC by 15.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 9,919 shares of the basic materials company’s stock valued at $939,000 after buying an additional 1,335 shares during the period. Finally, Synovus Financial Corp lifted its holdings in FMC by 21.3% in the fourth quarter. Synovus Financial Corp now owns 41,219 shares of the basic materials company’s stock valued at $3,903,000 after buying an additional 7,232 shares during the period. Institutional investors own 90.50% of the company’s stock.

In other news, insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total transaction of $903,018.18. Following the transaction, the insider now directly owns 63,191 shares in the company, valued at $5,333,952.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. FMC’s payout ratio is 24.35%.

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FMC Company Profile

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.

Earnings History and Estimates for FMC (NYSE:FMC)

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