FMC Corp (NYSE:FMC) – Equities research analysts at Seaport Global Securities decreased their Q4 2018 EPS estimates for FMC in a research report issued on Tuesday, November 13th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $1.41 per share for the quarter, down from their prior estimate of $1.45. Seaport Global Securities also issued estimates for FMC’s Q1 2019 earnings at $1.76 EPS, Q2 2019 earnings at $1.73 EPS, Q3 2019 earnings at $0.91 EPS and FY2020 earnings at $6.67 EPS.

FMC (NYSE:FMC) last posted its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a return on equity of 26.26% and a net margin of 22.28%. The firm’s quarterly revenue was up 60.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share.

A number of other equities analysts also recently issued reports on the company. Buckingham Research assumed coverage on FMC in a report on Wednesday. They issued a “buy” rating and a $106.00 price objective for the company. Citigroup set a $96.00 price objective on FMC and gave the stock a “buy” rating in a report on Sunday, November 11th. Loop Capital assumed coverage on FMC in a report on Friday, November 9th. They set a “buy” rating and a $118.00 price target for the company. Credit Suisse Group assumed coverage on FMC in a report on Monday, November 5th. They set an “outperform” rating and a $103.00 price target for the company. Finally, ValuEngine upgraded FMC from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $102.08.

FMC opened at $82.67 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.54 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 0.87 and a beta of 1.60. FMC has a 12-month low of $72.73 and a 12-month high of $98.70.

In related news, Director Dirk A. Kempthorne purchased 1,173 shares of FMC stock in a transaction dated Tuesday, August 28th. The stock was purchased at an average cost of $86.12 per share, for a total transaction of $101,018.76. Following the completion of the acquisition, the director now directly owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of FMC. North Star Investment Management Corp. bought a new stake in FMC in the 2nd quarter worth about $116,000. SRS Capital Advisors Inc. bought a new stake in FMC in the 3rd quarter worth about $125,000. Thompson Davis & CO. Inc. increased its holdings in FMC by 307.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,425 shares of the basic materials company’s stock worth $127,000 after buying an additional 1,075 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in FMC by 221.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,525 shares of the basic materials company’s stock worth $136,000 after buying an additional 1,050 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in FMC in the 2nd quarter worth about $139,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.

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Earnings History and Estimates for FMC (NYSE:FMC)

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