Q1 2017 EPS Estimates for FMC Corp. (FMC) Lowered by Analyst
FMC Corp. (NYSE:FMC) – Equities research analysts at Jefferies Group reduced their Q1 2017 earnings per share estimates for FMC Corp. in a report issued on Thursday. Jefferies Group analyst L. Alexander now forecasts that the brokerage will earn $0.59 per share for the quarter, down from their prior estimate of $0.76. Jefferies Group has a “Buy” rating and a $58.00 price target on the stock. Jefferies Group also issued estimates for FMC Corp.’s Q3 2017 earnings at $0.71 EPS, Q4 2017 earnings at $0.86 EPS and FY2017 earnings at $2.85 EPS.
Several other equities analysts also recently commented on FMC. Zacks Investment Research upgraded shares of FMC Corp. from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Wednesday, June 15th. Credit Suisse Group AG reissued a “hold” rating on shares of FMC Corp. in a research report on Monday, June 27th. KeyCorp reissued a “buy” rating on shares of FMC Corp. in a research report on Wednesday, June 29th. Nomura reissued a “hold” rating on shares of FMC Corp. in a research report on Tuesday, July 12th. Finally, Citigroup Inc. boosted their price objective on shares of FMC Corp. from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $44.07.
FMC Corp. (NYSE:FMC) opened at 48.34 on Friday. The stock’s market cap is $6.47 billion. FMC Corp. has a 1-year low of $32.24 and a 1-year high of $50.57. The company has a 50-day moving average price of $47.41 and a 200 day moving average price of $45.87.
FMC Corp. (NYSE:FMC) last announced its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. FMC Corp. had a positive return on equity of 16.35% and a negative net margin of 2.79%. The firm had revenue of $810.30 million for the quarter, compared to the consensus estimate of $889.70 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s revenue was down 8.7% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tredje AP fonden raised its position in FMC Corp. by 603.2% in the second quarter. Tredje AP fonden now owns 2,180 shares of the company’s stock valued at $101,000 after buying an additional 1,870 shares during the period. IFP Advisors Inc raised its position in FMC Corp. by 11,180.0% in the second quarter. IFP Advisors Inc now owns 2,256 shares of the company’s stock valued at $104,000 after buying an additional 2,236 shares during the period. Mizuho Asset Management Co. Ltd. raised its position in FMC Corp. by 112.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,347 shares of the company’s stock valued at $109,000 after buying an additional 1,241 shares during the period. Advisor Group Inc. purchased a new position in FMC Corp. during the second quarter valued at approximately $155,000. Finally, Investment Counselors of Maryland LLC raised its position in FMC Corp. by 3.0% in the second quarter. Investment Counselors of Maryland LLC now owns 3,394 shares of the company’s stock valued at $157,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 94.55% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 1.37%. FMC Corp.’s dividend payout ratio (DPR) is presently -94.29%.
FMC Corp. Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
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