FMC (NYSE:FMC) updated its fourth quarter 2018 earnings guidance on Monday. The company provided EPS guidance of $1.33-1.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.51. FMC also updated its Q4 guidance to $1.40-1.50 EPS.
FMC has been the topic of several research reports. Nomura raised their price objective on FMC from $100.00 to $106.00 and gave the stock a buy rating in a report on Wednesday, July 11th. Zacks Investment Research lowered FMC from a buy rating to a hold rating in a report on Thursday, July 19th. ValuEngine lowered FMC from a hold rating to a sell rating in a report on Wednesday, October 17th. Credit Suisse Group initiated coverage on FMC in a report on Monday. They set an outperform rating and a $103.00 price objective on the stock. Finally, Citigroup initiated coverage on FMC in a report on Monday. They set a buy rating and a $92.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $102.15.
Shares of FMC stock opened at $80.49 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.24 and a current ratio of 1.63. FMC has a 1 year low of $72.73 and a 1 year high of $98.70. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 0.72 and a beta of 1.60.
FMC (NYSE:FMC) last released its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.06. FMC had a return on equity of 27.12% and a net margin of 23.96%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company posted $0.70 earnings per share. The business’s revenue was up 60.4% on a year-over-year basis. Analysts predict that FMC will post 6.06 earnings per share for the current year.
In related news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $89.15, for a total transaction of $33,431.25. Following the transaction, the insider now owns 8,604 shares of the company’s stock, valued at $767,046.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dirk A. Kempthorne purchased 1,173 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were bought at an average cost of $86.12 per share, for a total transaction of $101,018.76. Following the acquisition, the director now owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
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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.
Further Reading: Understanding Price to Earnings Ratio (PE)
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