$1.53 Earnings Per Share Expected for FMC Corp (NYSE:FMC) This Quarter

Brokerages forecast that FMC Corp (NYSE:FMC) will report earnings per share of $1.53 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for FMC’s earnings, with the lowest EPS estimate coming in at $1.49 and the highest estimate coming in at $1.58. FMC reported earnings of $1.69 per share during the same quarter last year, which would suggest a negative year over year growth rate of 9.5%. The business is scheduled to report its next earnings results on Monday, February 10th.

According to Zacks, analysts expect that FMC will report full year earnings of $5.86 per share for the current year, with EPS estimates ranging from $5.83 to $5.91. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.61 per share, with EPS estimates ranging from $6.40 to $6.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for FMC.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.14. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $978.47 million. FMC had a return on equity of 27.94% and a net margin of 11.08%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS.

Several brokerages recently weighed in on FMC. BMO Capital Markets set a $100.00 target price on FMC and gave the stock a “buy” rating in a research report on Thursday, September 12th. Wells Fargo & Co began coverage on FMC in a research report on Tuesday, October 15th. They issued an “outperform” rating and a $100.00 target price on the stock. Buckingham Research increased their target price on FMC from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. SunTrust Banks increased their target price on FMC from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Zacks Investment Research lowered FMC from a “hold” rating to a “sell” rating and set a $87.00 target price on the stock. in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.41.

Shares of FMC opened at $99.18 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $12.73 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.63 and a beta of 1.50. The stock’s fifty day simple moving average is $95.59 and its 200 day simple moving average is $86.71. FMC has a twelve month low of $69.36 and a twelve month high of $100.48.

In related news, CEO Pierre R. Brondeau sold 24,738 shares of FMC stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $96.88, for a total value of $2,396,617.44. Also, insider Nicholas Pfeiffer sold 9,218 shares of FMC stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $90.88, for a total value of $837,731.84. Following the completion of the transaction, the insider now owns 17,706 shares of the company’s stock, valued at $1,609,121.28. The disclosure for this sale can be found here. Insiders have sold 37,335 shares of company stock valued at $3,568,634 over the last 90 days. Insiders own 1.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Princeton Global Asset Management LLC acquired a new position in FMC in the second quarter worth about $33,000. San Francisco Sentry Investment Group CA grew its stake in FMC by 130.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 397 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 225 shares in the last quarter. Advantage Investment Management LLC grew its stake in FMC by 248.2% in the third quarter. Advantage Investment Management LLC now owns 397 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 283 shares in the last quarter. Ellevest Inc. grew its stake in FMC by 91.2% in the second quarter. Ellevest Inc. now owns 457 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 218 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in FMC by 46.9% in the second quarter. Parallel Advisors LLC now owns 501 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.

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.

See Also: Institutional Investors

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Earnings History and Estimates for FMC (NYSE:FMC)

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