FMC Corp. (FMC) Expected to Earn Q3 2016 Earnings of $0.59 Per Share
FMC Corp. (NYSE:FMC) – Investment analysts at First Analysis issued their Q3 2016 EPS estimates for FMC Corp. in a research report issued to clients and investors on Monday. First Analysis analyst anticipates that the brokerage will post earnings per share of $0.59 for the quarter. First Analysis also issued estimates for FMC Corp.’s Q4 2016 earnings at $0.88 EPS, Q1 2017 earnings at $0.72 EPS, Q2 2017 earnings at $0.76 EPS and FY2017 earnings at $3.15 EPS.
A number of other research firms also recently weighed in on FMC. Citigroup Inc. upped their target price on FMC Corp. from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Jefferies Group reaffirmed a “buy” rating and issued a $58.00 price target on shares of FMC Corp. in a report on Thursday, September 29th. Zacks Investment Research cut FMC Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $44.00 price target on shares of FMC Corp. in a report on Wednesday, August 3rd. Finally, Susquehanna upped 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. FMC Corp. presently has a consensus rating of “Hold” and a consensus target price of $44.07.
FMC Corp. (NYSE:FMC) opened at 47.78 on Tuesday. FMC Corp. has a one year low of $32.24 and a one year high of $50.57. The firm’s market cap is $6.39 billion. The company has a 50-day moving average price of $47.40 and a 200-day moving average price of $46.07.
FMC Corp. (NYSE:FMC) last issued its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $889.70 million. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of FMC. Tredje AP fonden increased 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 worth $101,000 after buying an additional 1,870 shares during the period. IFP Advisors Inc increased 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 worth $104,000 after buying an additional 2,236 shares during the period. Mizuho Asset Management Co. Ltd. increased 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 worth $109,000 after buying an additional 1,241 shares during the period. Advisor Group Inc. bought a new position in FMC Corp. during the second quarter worth $155,000. Finally, Investment Counselors of Maryland LLC increased 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 worth $157,000 after buying an additional 100 shares during the period. 94.55% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, September 28th. 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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