FMC (FMC) Updates FY18 Earnings Guidance
FMC (NYSE:FMC) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $5.20-5.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.33. FMC also updated its Q1 guidance to $1.45-1.59 EPS.
FMC has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed an outperform rating and issued a $102.00 price target (up previously from $93.00) on shares of FMC in a research note on Wednesday, November 8th. KeyCorp reaffirmed a buy rating and issued a $112.00 price target on shares of FMC in a research note on Monday, December 4th. Zacks Investment Research raised FMC from a hold rating to a buy rating and set a $101.00 price target for the company in a research note on Monday, December 18th. Piper Jaffray Companies reaffirmed a hold rating and issued a $92.00 price target on shares of FMC in a research note on Friday, November 10th. Finally, Nomura raised their price target on FMC from $97.00 to $106.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. FMC presently has a consensus rating of Buy and a consensus target price of $96.58.
Shares of FMC (FMC) traded up $2.54 during trading hours on Monday, hitting $85.22. The stock had a trading volume of 2,405,947 shares, compared to its average volume of 1,431,055. FMC has a 1 year low of $57.29 and a 1 year high of $98.70. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81. The company has a market capitalization of $11,470.00, a P/E ratio of 58.67, a PEG ratio of 1.37 and a beta of 1.52.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Friday, December 29th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. FMC’s payout ratio is presently 45.21%.
In other news, insider Nicholas Pfeiffer sold 375 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 6,856 shares in the company, valued at $619,302.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
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FMC Company Profile
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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