FMC Corporation (NYSE:FMC) – Stock analysts at First Analysis issued their Q3 2017 earnings estimates for FMC Corporation in a research note issued on Wednesday. First Analysis analyst expects that the basic materials company will post earnings per share of $0.64 for the quarter. First Analysis also issued estimates for FMC Corporation’s Q4 2017 earnings at $0.87 EPS, FY2017 earnings at $2.42 EPS and FY2018 earnings at $5.12 EPS.

FMC Corporation (NYSE:FMC) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. The business had revenue of $656.80 million for the quarter, compared to analyst estimates of $614.01 million. During the same quarter in the prior year, the business earned $0.46 EPS. FMC Corporation’s quarterly revenue was up 6.7% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: “Research Analysts Issue Forecasts for FMC Corporation’s Q3 2017 Earnings (FMC)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/10/research-analysts-issue-forecasts-for-fmc-corporations-q3-2017-earnings-fmc.html.

A number of other research analysts have also weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $85.00 price target on shares of FMC Corporation in a research report on Tuesday, September 5th. Bank of America Corporation raised shares of FMC Corporation from an “underperform” rating to a “buy” rating and raised their price target for the company from $66.00 to $103.00 in a research report on Thursday, August 31st. Jefferies Group LLC set a $100.00 price target on shares of FMC Corporation and gave the company a “buy” rating in a research report on Monday, August 14th. Instinet upgraded shares of FMC Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $78.00 to $97.00 in a report on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc raised their price objective on shares of FMC Corporation from $86.00 to $100.00 and gave the stock a “positive” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. FMC Corporation has an average rating of “Buy” and an average price target of $84.49.

FMC Corporation (FMC) opened at 87.14 on Friday. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 258.58 and a beta of 1.60. The company has a 50-day moving average of $82.81 and a 200-day moving average of $73.55. FMC Corporation has a 52 week low of $44.40 and a 52 week high of $88.19.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be paid a $0.165 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. FMC Corporation’s payout ratio is 188.58%.

In other news, VP Andrea E. Utecht sold 14,174 shares of FMC Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $84.00, for a total value of $1,190,616.00. Following the completion of the transaction, the vice president now owns 131,639 shares in the company, valued at $11,057,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Douglas sold 12,697 shares of FMC Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the completion of the transaction, the insider now owns 73,690 shares of the company’s stock, valued at approximately $5,587,175.80. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Levin Capital Strategies L.P. purchased a new position in shares of FMC Corporation in the first quarter worth about $1,209,000. Acrospire Investment Management LLC increased its stake in shares of FMC Corporation by 522.9% in the first quarter. Acrospire Investment Management LLC now owns 1,906 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 1,600 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of FMC Corporation by 47.2% in the first quarter. TIAA CREF Investment Management LLC now owns 616,798 shares of the basic materials company’s stock worth $42,923,000 after purchasing an additional 197,694 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new position in shares of FMC Corporation in the first quarter worth about $1,319,000. Finally, Frontier Capital Management Co. LLC increased its stake in shares of FMC Corporation by 18.6% in the first quarter. Frontier Capital Management Co. LLC now owns 1,500,898 shares of the basic materials company’s stock worth $104,447,000 after purchasing an additional 235,702 shares in the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

About FMC Corporation

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

Earnings History and Estimates for FMC Corporation (NYSE:FMC)

Receive News & Stock Ratings for FMC Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Corporation and related stocks with our FREE daily email newsletter.