FMC Corp. (FMC) Expected to Post Q2 2017 Earnings of $0.69 Per Share
FMC Corp. (NYSE:FMC) – Stock analysts at Jefferies Group lifted their Q2 2017 earnings per share (EPS) estimates for shares of FMC Corp. in a research note issued to investors on Thursday. Jefferies Group analyst L. Alexander now anticipates that the brokerage will earn $0.69 per share for the quarter, up from their prior estimate of $0.66. Jefferies Group currently has a “Buy” rating and a $58.00 target price on the stock. Jefferies Group also issued estimates for FMC Corp.’s FY2018 earnings at $3.20 EPS.
FMC has been the topic of several other research reports. Susquehanna raised their price target on FMC Corp. from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 26th. Credit Suisse Group AG restated a “hold” rating on shares of FMC Corp. in a research note on Monday, June 27th. Nomura restated a “hold” rating on shares of FMC Corp. in a research note on Tuesday, July 12th. KeyCorp restated a “buy” rating on shares of FMC Corp. in a research note on Wednesday, June 29th. Finally, Citigroup Inc. raised their price target on FMC Corp. from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $44.07.
FMC Corp. (NYSE:FMC) opened at 47.22 on Monday. FMC Corp. has a 1-year low of $32.24 and a 1-year high of $50.57. The firm’s 50-day moving average is $47.39 and its 200 day moving average is $46.06. The company’s market cap is $6.32 billion.
FMC Corp. (NYSE:FMC) last posted its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $810.30 million for the quarter, compared to analysts’ expectations of $889.70 million. FMC Corp. had a negative net margin of 2.79% and a positive return on equity of 16.35%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS.
The firm also recently declared 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. This represents a $0.66 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, September 28th. FMC Corp.’s dividend payout ratio is presently -94.29%.
A number of large investors have recently modified their holdings of the company. Tredje AP fonden increased its stake in shares of 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 in the last quarter. IFP Advisors Inc increased its stake in FMC Corp. by 11,180.0% in the second quarter. IFP Advisors Inc now owns 2,256 shares of the company’s stock worth $104,000 after buying an additional 2,236 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake 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 worth $109,000 after buying an additional 1,241 shares during the period. Advisor Group Inc. purchased a new stake in FMC Corp. during the second quarter worth approximately $155,000. Finally, Investment Counselors of Maryland LLC increased its stake 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 worth $157,000 after buying an additional 100 shares during the period. 94.55% of the stock is owned by institutional investors and hedge funds.
About FMC Corp.
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.
Receive News & Stock Ratings for FMC Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Corp. and related stocks with our FREE daily email newsletter.