FMC Corporation (NYSE:FMC) – Research analysts at Seaport Global Securities decreased their Q2 2017 EPS estimates for shares of FMC Corporation in a research note issued on Tuesday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $0.47 per share for the quarter, down from their previous estimate of $0.49. Seaport Global Securities currently has a “Neutral” rating and a $80.00 target price on the stock. Seaport Global Securities also issued estimates for FMC Corporation’s Q3 2017 earnings at $0.62 EPS, Q4 2017 earnings at $0.85 EPS and FY2017 earnings at $2.37 EPS.
FMC Corporation (NYSE:FMC) last announced its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.13. The firm had revenue of $596 million during the quarter, compared to the consensus estimate of $742.50 million. FMC Corporation had a return on equity of 17.87% and a net margin of 1.19%.
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A number of other research analysts also recently weighed in on the company. Credit Suisse Group set a $85.00 target price on FMC Corporation and gave the stock a “buy” rating in a report on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $71.00 target price on shares of FMC Corporation in a report on Tuesday, March 28th. Citigroup Inc. upped their target price on FMC Corporation from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, April 11th. Robert W. Baird started coverage on FMC Corporation in a report on Wednesday, March 22nd. They set a “neutral” rating and a $67.00 target price on the stock. Finally, TheStreet upgraded FMC Corporation from a “c+” rating to a “b-” rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.98.
FMC Corporation (NYSE FMC) opened at 76.18 on Wednesday. The firm has a 50-day moving average price of $75.35 and a 200 day moving average price of $67.65. FMC Corporation has a one year low of $44.40 and a one year high of $77.38. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 285.32 and a beta of 1.62.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. FMC Corporation’s payout ratio is 235.72%.
In other news, Director William Howard Powell sold 3,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $72.73, for a total value of $218,190.00. Following the completion of the sale, the director now directly owns 17,554 shares in the company, valued at approximately $1,276,702.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Douglas sold 12,697 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total value of $962,686.54. Following the completion of the sale, the insider now owns 73,690 shares of the company’s stock, valued at $5,587,175.80. The disclosure for this sale can be found here. Insiders have sold a total of 41,489 shares of company stock worth $3,118,310 over the last three months. Insiders own 1.10% of the company’s stock.
Several large investors have recently bought and sold shares of FMC. Aperio Group LLC raised its stake in FMC Corporation by 5.7% in the second quarter. Aperio Group LLC now owns 46,329 shares of the basic materials company’s stock valued at $3,384,000 after buying an additional 2,485 shares during the period. Xact Kapitalforvaltning AB raised its stake in FMC Corporation by 6.3% in the second quarter. Xact Kapitalforvaltning AB now owns 22,519 shares of the basic materials company’s stock valued at $1,645,000 after buying an additional 1,336 shares during the period. Columbia Partners L L C Investment Management raised its stake in FMC Corporation by 47.2% in the first quarter. Columbia Partners L L C Investment Management now owns 20,880 shares of the basic materials company’s stock valued at $1,453,000 after buying an additional 6,699 shares during the period. Aviance Capital Management LLC bought a new stake in FMC Corporation during the first quarter valued at approximately $200,000. Finally, Tower Research Capital LLC TRC raised its stake in FMC Corporation by 70.8% in the first quarter. Tower Research Capital LLC TRC now owns 8,733 shares of the basic materials company’s stock valued at $608,000 after buying an additional 3,620 shares during the period. Hedge funds and other institutional investors own 90.95% of the company’s stock.
FMC Corporation 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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