Research Analysts Offer Predictions for FMC Corp.’s FY2017 Earnings (FMC)
FMC Corp. (NYSE:FMC) – Stock analysts at Gabelli increased their FY2017 EPS estimates for FMC Corp. in a research note issued to investors on Thursday. Gabelli analyst R. Morbelli now forecasts that the firm will post earnings of $3.15 per share for the year, up from their prior forecast of $3.05. Gabelli also issued estimates for FMC Corp.’s FY2018 earnings at $3.55 EPS and FY2019 earnings at $4.00 EPS.
FMC Corp. (NYSE:FMC) last posted its earnings results on Wednesday, November 2nd. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. FMC Corp. had a positive return on equity of 18.06% and a negative net margin of 0.33%. The firm earned $808 million during the quarter, compared to analyst estimates of $674.10 million. During the same period in the previous year, the company earned $0.42 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis.
Several other equities research analysts also recently issued reports on FMC. Citigroup Inc. increased their price target on FMC Corp. from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. Credit Suisse Group AG restated a “hold” rating and issued a $44.00 price target on shares of FMC Corp. in a report on Wednesday, August 3rd. Zacks Investment Research downgraded FMC Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Susquehanna increased their price target on FMC Corp. from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Finally, Jefferies Group restated a “buy” rating and issued a $58.00 price target on shares of FMC Corp. in a report on Thursday, September 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. FMC Corp. has an average rating of “Hold” and an average price target of $45.67.
FMC Corp. (NYSE:FMC) traded down 3.16% during midday trading on Friday, reaching $52.39. The company had a trading volume of 1,549,498 shares. The company’s 50-day moving average is $48.58 and its 200 day moving average is $47.61. FMC Corp. has a 52-week low of $32.24 and a 52-week high of $55.55. The company’s market cap is $7.01 billion.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new stake in FMC Corp. during the second quarter worth about $89,113,000. Point72 Asset Management L.P. boosted its stake in FMC Corp. by 1,445.6% in the second quarter. Point72 Asset Management L.P. now owns 1,024,700 shares of the company’s stock worth $47,454,000 after buying an additional 958,400 shares during the last quarter. FMR LLC boosted its stake in FMC Corp. by 18.2% in the second quarter. FMR LLC now owns 5,264,251 shares of the company’s stock worth $243,787,000 after buying an additional 811,781 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in FMC Corp. by 25.6% in the second quarter. Ameriprise Financial Inc. now owns 3,066,654 shares of the company’s stock worth $142,020,000 after buying an additional 624,250 shares during the last quarter. Finally, Strs Ohio boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.
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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