FMC Corp (NYSE:FMC) – Equities researchers at Seaport Global Securities increased their Q1 2018 earnings estimates for shares of FMC in a research report issued on Thursday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings of $1.53 per share for the quarter, up from their previous estimate of $1.11. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for FMC’s Q2 2018 earnings at $1.41 EPS, FY2018 earnings at $5.55 EPS, Q1 2019 earnings at $1.72 EPS, Q2 2019 earnings at $1.65 EPS and FY2019 earnings at $6.42 EPS.
Several other analysts have also weighed in on the stock. Piper Jaffray Companies set a $90.00 target price on shares of FMC and gave the company a “hold” rating in a research report on Thursday, February 15th. SunTrust Banks reiterated a “buy” rating and set a $98.00 target price on shares of FMC in a research report on Thursday, February 15th. Loop Capital reiterated a “positive” rating and set a $111.00 target price (up from $108.00) on shares of FMC in a research report on Wednesday, February 14th. Credit Suisse Group set a $106.00 target price on shares of FMC and gave the company an “outperform” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of FMC in a research report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. FMC has an average rating of “Buy” and a consensus target price of $98.37.
Shares of FMC (NYSE FMC) opened at $83.35 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11. FMC has a 12-month low of $57.29 and a 12-month high of $98.70. The firm has a market cap of $11,190.72, a PE ratio of 30.76, a PEG ratio of 1.36 and a beta of 1.52.
FMC (NYSE:FMC) last issued its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.05. FMC had a net margin of 18.61% and a return on equity of 16.82%. The business had revenue of $979.60 million for the quarter, compared to analyst estimates of $993.57 million. During the same period in the previous year, the business earned $0.88 EPS. The firm’s revenue was up 42.3% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in FMC. Oakbrook Investments LLC lifted its position in shares of FMC by 27.9% during the third quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock worth $1,187,000 after purchasing an additional 2,900 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of FMC by 12.0% during the third quarter. Nationwide Fund Advisors now owns 278,929 shares of the basic materials company’s stock worth $24,911,000 after purchasing an additional 29,858 shares in the last quarter. Aperio Group LLC lifted its position in shares of FMC by 6.4% during the third quarter. Aperio Group LLC now owns 49,289 shares of the basic materials company’s stock worth $4,402,000 after purchasing an additional 2,960 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of FMC by 4.2% during the third quarter. Canada Pension Plan Investment Board now owns 228,373 shares of the basic materials company’s stock worth $20,396,000 after purchasing an additional 9,303 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of FMC by 1.8% during the third quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 92.38% of the company’s stock.
In other FMC news, insider Mark Douglas sold 10,698 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the transaction, the insider now owns 6,856 shares in the company, valued at $619,302.48. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.79%. FMC’s dividend payout ratio (DPR) is presently 16.54%.
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FMC 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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