FMC Corporation (NYSE:FMC) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $2.30-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.44.
Several research analysts recently weighed in on the company. Susquehanna Bancshares Inc lifted their price target on FMC Corporation from $86.00 to $100.00 and gave the company a positive rating in a research report on Tuesday, August 8th. Instinet upgraded FMC Corporation from a neutral rating to a buy rating and boosted their price objective for the company from $78.00 to $97.00 in a research report on Wednesday, August 9th. BidaskClub upgraded FMC Corporation from a hold rating to a buy rating in a research report on Saturday, August 5th. Credit Suisse Group set a $93.00 price objective on FMC Corporation and gave the company a buy rating in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies restated a hold rating and issued a $85.00 price objective on shares of FMC Corporation in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $83.40.
Shares of FMC Corporation (FMC) traded down 0.18% during mid-day trading on Friday, hitting $82.63. The stock had a trading volume of 885,445 shares. The company has a market cap of $11.08 billion, a PE ratio of 245.19 and a beta of 1.62. The stock has a 50 day moving average price of $78.74 and a 200-day moving average price of $70.89. FMC Corporation has a 52-week low of $44.40 and a 52-week high of $85.17.
FMC Corporation (NYSE:FMC) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $656.80 million during the quarter, compared to the consensus estimate of $614.01 million. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. FMC Corporation’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, equities analysts expect that FMC Corporation will post $2.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 29th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 28th. FMC Corporation’s payout ratio is 188.58%.
In other FMC Corporation news, insider Mark Douglas sold 12,697 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the completion of the transaction, the insider now owns 73,690 shares of the company’s stock, valued at $5,587,175.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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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