FMC Corp (FMC) Expected to Announce Earnings of $1.01 Per Share
Equities research analysts expect that FMC Corp (NYSE:FMC) will report $1.01 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for FMC’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $0.87. FMC reported earnings of $0.88 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.8%. The firm is expected to announce its next earnings report on Monday, February 5th.
On average, analysts expect that FMC will report full year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $2.70. For the next year, analysts anticipate that the firm will post earnings of $5.34 per share, with EPS estimates ranging from $4.91 to $5.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for FMC.
FMC (NYSE:FMC) last issued its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company had revenue of $646.20 million for the quarter, compared to the consensus estimate of $686.21 million. During the same quarter in the prior year, the company earned $0.67 EPS. FMC’s quarterly revenue was up 2.8% on a year-over-year basis.
In other news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total transaction of $33,873.75. Following the transaction, the insider now owns 6,856 shares in the company, valued at approximately $619,302.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can lifted its position in shares of FMC by 0.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock valued at $8,077,000 after buying an additional 572 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of FMC by 1.8% during the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock valued at $3,090,000 after buying an additional 600 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in shares of FMC by 13.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock valued at $1,048,000 after buying an additional 1,688 shares in the last quarter. Advisor Partners LLC purchased a new position in shares of FMC during the 3rd quarter valued at approximately $216,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of FMC during the 3rd quarter valued at approximately $246,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.
Shares of FMC (NYSE:FMC) traded up $0.32 during trading hours on Tuesday, reaching $95.46. 416,215 shares of the company traded hands, compared to its average volume of 1,265,088. FMC has a one year low of $56.35 and a one year high of $95.78. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. The firm has a market cap of $12,744.13, a P/E ratio of 561.53, a PEG ratio of 3.18 and a beta of 1.61.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be given a $0.165 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.66 annualized dividend and a yield of 0.69%. FMC’s dividend payout ratio is presently 388.24%.
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.
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