Analysts Expect FMC Corp (FMC) Will Announce Earnings of $1.01 Per Share

Equities research analysts expect FMC Corp (NYSE:FMC) to report earnings per share of $1.01 for the current quarter, Zacks reports. Four analysts have made estimates for FMC’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $0.87. FMC posted earnings of $0.88 per share during the same quarter last year, which indicates a positive year over year growth rate of 14.8%. The business is expected to report its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that FMC will report full-year earnings of $2.65 per share for the current year, with EPS estimates ranging from $2.59 to $2.70. For the next financial year, analysts forecast that the firm will report earnings of $5.34 per share, with EPS estimates ranging from $4.91 to $5.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover FMC.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. FMC had a net margin of 0.78% and a return on equity of 16.77%. The firm had revenue of $646.20 million during the quarter, compared to the consensus estimate of $686.21 million. During the same quarter last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.

FMC has been the topic of a number of recent analyst reports. Bank of America raised shares of FMC from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $103.00 in a research report on Thursday, August 31st. Robert W. Baird reissued a “hold” rating and issued a $86.00 price objective on shares of FMC in a research report on Tuesday, September 12th. Piper Jaffray Companies reissued a “hold” rating and issued a $85.00 price objective on shares of FMC in a research report on Tuesday, September 5th. Jefferies Group reissued a “buy” rating and issued a $100.00 price objective on shares of FMC in a research report on Friday, September 15th. Finally, KeyCorp reissued a “buy” rating and issued a $98.00 price objective on shares of FMC in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $92.70.

In other news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the transaction, the insider now directly owns 6,856 shares of the company’s stock, valued at $619,302.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can increased its position 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 worth $8,077,000 after acquiring an additional 572 shares during the period. Gabelli Funds LLC increased its position in shares of FMC by 1.8% during the third quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after acquiring an additional 600 shares during the period. Hanseatic Management Services Inc. increased its position in shares of FMC by 13.3% during the second quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after acquiring an additional 1,688 shares during the period. Advisor Partners LLC purchased a new position in shares of FMC during the third quarter worth approximately $216,000. Finally, Achmea Investment Management B.V. bought a new position in shares of FMC during the third quarter valued at approximately $246,000. 89.28% of the stock is currently owned by institutional investors and hedge funds.

FMC (FMC) traded up $1.75 during trading on Tuesday, reaching $93.95. 1,261,100 shares of the company were exchanged, compared to its average volume of 1,273,949. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. FMC has a 12 month low of $56.35 and a 12 month high of $95.25. The stock has a market cap of $12,378.94, a price-to-earnings ratio of 37.03, a P/E/G ratio of 3.09 and a beta of 1.61.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, December 28th. FMC’s dividend payout ratio (DPR) is presently 388.24%.

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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.

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Earnings History and Estimates for FMC (NYSE:FMC)

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