FMC Corp (NYSE:FMC) Expected to Announce Quarterly Sales of $1.21 Billion
Equities research analysts expect FMC Corp (NYSE:FMC) to report sales of $1.21 billion for the current quarter, Zacks reports. Two analysts have made estimates for FMC’s earnings. FMC reported sales of $1.26 billion during the same quarter last year, which would suggest a negative year over year growth rate of 4%. The firm is scheduled to report its next quarterly earnings report on Wednesday, August 7th.
On average, analysts expect that FMC will report full year sales of $4.54 billion for the current fiscal year, with estimates ranging from $4.52 billion to $4.59 billion. For the next financial year, analysts expect that the business will report sales of $4.84 billion, with estimates ranging from $4.77 billion to $5.06 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow FMC.
FMC (NYSE:FMC) last posted its earnings results on Monday, May 6th. The basic materials company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. FMC had a return on equity of 27.53% and a net margin of 9.57%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $1.84 earnings per share.
In related news, insider Mark Douglas sold 18,500 shares of FMC stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $75.12, for a total transaction of $1,389,720.00. Following the sale, the insider now directly owns 47,594 shares in the company, valued at $3,575,261.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Pierre R. Brondeau sold 33,000 shares of FMC stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $73.09, for a total transaction of $2,411,970.00. Following the sale, the chief executive officer now owns 284,814 shares in the company, valued at $20,817,055.26. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Paragon Capital Management LLC bought a new stake in FMC in the first quarter worth about $31,000. Lindbrook Capital LLC bought a new stake in FMC in the fourth quarter worth about $31,000. Riverview Trust Co bought a new stake in FMC in the fourth quarter worth about $32,000. Global Retirement Partners LLC raised its position in FMC by 128.6% in the first quarter. Global Retirement Partners LLC now owns 455 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 256 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in FMC by 114.9% in the first quarter. Rockefeller Capital Management L.P. now owns 578 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 309 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
FMC stock opened at $79.91 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 1.29 and a beta of 1.46. FMC has a 1 year low of $69.36 and a 1 year high of $92.76.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, June 27th. FMC’s dividend payout ratio is currently 25.44%.
FMC Company Profile
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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