FMC (FMC) Issues Q1 Earnings Guidance

FMC (NYSE:FMC) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $1.45-1.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.51. FMC also updated its FY18 guidance to $5.20-5.60 EPS.

A number of equities research analysts have recently issued reports on the company. Loop Capital restated a positive rating and set a $111.00 price objective (up previously from $108.00) on shares of FMC in a report on Wednesday, February 14th. Credit Suisse Group set a $106.00 price objective on FMC and gave the stock an outperform rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. KeyCorp restated a buy rating and set a $112.00 price objective on shares of FMC in a report on Monday, December 4th. Citigroup upgraded FMC from a neutral rating to a buy rating and set a $95.00 price objective for the company in a report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded FMC from a hold rating to a buy rating and set a $101.00 price objective for the company in a report on Monday, December 18th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $98.37.

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NYSE FMC opened at $76.57 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.20. FMC has a 1-year low of $61.25 and a 1-year high of $98.70. The company has a market capitalization of $10,285.69, a PE ratio of 28.25, a price-to-earnings-growth ratio of 1.21 and a beta of 1.60.

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, beating 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 company had revenue of $979.60 million during the quarter, compared to the consensus estimate of $993.57 million. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was up 42.3% on a year-over-year basis. sell-side analysts anticipate that FMC will post 5.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be given a $0.165 dividend. 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 0.86%. FMC’s payout ratio is 24.35%.

In other news, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total value of $903,018.18. Following the completion of the sale, 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 can be accessed through this link. 1.20% of the stock is currently owned by insiders.

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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.

Earnings History and Estimates for FMC (NYSE:FMC)

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