First Analysis Weighs in on FMC Corp.’s FY2016 Earnings (FMC)
FMC Corp. (NYSE:FMC) – First Analysis issued their FY2016 earnings estimates for FMC Corp. in a research report issued to clients and investors on Monday. First Analysis analyst expects that the firm will earn $2.75 per share for the year.
FMC Corp. (NYSE:FMC) last released its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. The firm earned $810.30 million during the quarter, compared to analyst estimates of $889.70 million. FMC Corp. had a positive return on equity of 16.35% and a negative net margin of 2.79%. FMC Corp.’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share.
Several other research analysts also recently weighed in on the company. Jefferies Group reiterated a “buy” rating and issued a $58.00 price target on shares of FMC Corp. in a report on Thursday, September 29th. Susquehanna boosted their price target on FMC Corp. from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 26th. Zacks Investment Research downgraded FMC Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Credit Suisse Group AG restated a “hold” rating and set a $44.00 price objective on shares of FMC Corp. in a report on Wednesday, August 3rd. Finally, Citigroup Inc. upped their price objective on FMC Corp. from $48.00 to $51.00 and gave the stock a “neutral” rating in a 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 company. The company has a consensus rating of “Hold” and a consensus target price of $44.07.
FMC Corp. (NYSE:FMC) traded up 1.44% on Wednesday, reaching $47.90. The company had a trading volume of 189,934 shares. The firm’s market capitalization is $6.41 billion. The stock’s 50-day moving average price is $47.39 and its 200 day moving average price is $46.06. FMC Corp. has a 52-week low of $32.24 and a 52-week high of $50.57.
A number of institutional investors have recently modified their holdings of the company. Strs Ohio boosted its position in shares of FMC Corp. by 28,691.2% in the second quarter. Strs Ohio now owns 580,142 shares of the company’s stock worth $26,866,000 after buying an additional 578,127 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of FMC Corp. by 2.8% in the second quarter. Shell Asset Management Co. now owns 312,883 shares of the company’s stock valued at $14,490,000 after buying an additional 8,568 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FMC Corp. by 3.6% in the first quarter. Geode Capital Management LLC now owns 1,081,505 shares of the company’s stock valued at $43,571,000 after buying an additional 37,846 shares during the last quarter. Legal & General Group Plc raised its stake in shares of FMC Corp. by 3.0% in the first quarter. Legal & General Group Plc now owns 550,677 shares of the company’s stock valued at $22,231,000 after buying an additional 16,053 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of FMC Corp. by 1.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 70,220 shares of the company’s stock valued at $2,835,000 after buying an additional 1,320 shares during the last quarter. 94.55% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.66 dividend on an annualized basis and a yield of 1.40%. FMC Corp.’s dividend payout ratio is currently -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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