FMC Corp (FMC) to Post Q1 2018 Earnings of $1.63 Per Share, Seaport Global Securities Forecasts

FMC Corp (NYSE:FMC) – Equities research analysts at Seaport Global Securities upped their Q1 2018 earnings estimates for shares of FMC in a research note issued on Wednesday, April 4th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $1.63 per share for the quarter, up from their prior estimate of $1.53. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for FMC’s Q2 2018 earnings at $1.46 EPS, FY2018 earnings at $5.80 EPS, Q1 2019 earnings at $1.83 EPS, Q2 2019 earnings at $1.72 EPS, Q3 2019 earnings at $1.49 EPS and FY2019 earnings at $6.75 EPS.

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A number of other analysts also recently weighed in on FMC. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Friday. Piper Jaffray set a $90.00 price target on shares of FMC and gave the stock a “hold” rating in a research report on Thursday, February 15th. TheStreet downgraded shares of FMC from a “b” rating to a “c” rating in a research report on Monday, February 12th. Loop Capital set a $106.00 price target on shares of FMC and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Credit Suisse Group set a $106.00 price target on shares of FMC and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. FMC presently has a consensus rating of “Buy” and a consensus target price of $97.74.

FMC stock opened at $78.13 on Friday. FMC has a twelve month low of $69.93 and a twelve month high of $98.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.20. The company has a market cap of $10,233.30, a PE ratio of 28.83, a P/E/G ratio of 1.19 and a beta of 1.63.

FMC (NYSE:FMC) last released its quarterly earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $993.57 million. During the same quarter last year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 42.3% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, March 28th. FMC’s dividend payout ratio (DPR) is 24.35%.

In other news, insider Mark Douglas sold 10,698 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in FMC. Nordea Investment Management AB boosted its holdings in shares of FMC by 99.7% during the third quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock valued at $718,000 after acquiring an additional 4,015 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of FMC by 0.6% during the third quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock valued at $8,077,000 after acquiring an additional 572 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of FMC during the third quarter valued at $831,000. JPMorgan Chase & Co. boosted its holdings in shares of FMC by 134.4% during the third quarter. JPMorgan Chase & Co. now owns 288,014 shares of the basic materials company’s stock valued at $25,334,000 after acquiring an additional 165,136 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of FMC by 32.2% during the third quarter. Segall Bryant & Hamill LLC now owns 220,716 shares of the basic materials company’s stock valued at $19,712,000 after acquiring an additional 53,702 shares during the period. 90.53% of the stock is owned by institutional investors.

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About FMC

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.

Earnings History and Estimates for FMC (NYSE:FMC)

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