FMC Corp (NYSE:FMC) – Investment analysts at Seaport Global Securities raised their Q1 2018 earnings per share (EPS) estimates for shares of FMC in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $1.53 for the quarter, up from their previous estimate of $1.11. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for FMC’s Q2 2018 earnings at $1.41 EPS, FY2018 earnings at $5.55 EPS, Q1 2019 earnings at $1.72 EPS, Q2 2019 earnings at $1.65 EPS and FY2019 earnings at $6.42 EPS.
Several other brokerages also recently commented on FMC. Zacks Investment Research downgraded FMC from a “strong-buy” rating to a “hold” rating in a report on Friday, November 10th. Credit Suisse Group set a $111.00 target price on FMC and gave the company a “buy” rating in a report on Tuesday, January 16th. SunTrust Banks reiterated a “buy” rating and set a $98.00 target price on shares of FMC in a report on Thursday, February 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $110.00 target price (up from $102.00) on shares of FMC in a report on Thursday, November 9th. Finally, Goldman Sachs Group started coverage on FMC in a report on Monday, December 4th. They set a “neutral” rating and a $98.00 target price on the stock. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $98.37.
Shares of FMC (FMC) opened at $83.55 on Monday. The company has a market capitalization of $11,190.72, a PE ratio of 30.76, a P/E/G ratio of 1.36 and a beta of 1.52. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 1.11. FMC has a twelve month low of $57.29 and a twelve month high of $98.70.
FMC (NYSE:FMC) last announced its earnings results on Monday, February 12th. The basic materials company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.05 by $0.05. The business had revenue of $979.60 million for the quarter, compared to the consensus estimate of $993.57 million. FMC had a return on equity of 16.82% and a net margin of 18.61%. The company’s revenue was up 42.3% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.66 annualized dividend and a yield of 0.79%. FMC’s dividend payout ratio is presently 16.54%.
In other FMC news, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total transaction of $903,018.18. Following the sale, the insider now directly owns 63,191 shares in the company, valued at approximately $5,333,952.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Pfeiffer sold 375 shares of FMC stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total value of $33,873.75. Following the sale, the insider now owns 6,856 shares in the company, valued at $619,302.48. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of FMC by 61.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,965 shares of the basic materials company’s stock worth $5,203,000 after acquiring an additional 20,959 shares in the last quarter. William Blair Investment Management LLC grew its position in shares of FMC by 18.5% in the 4th quarter. William Blair Investment Management LLC now owns 61,532 shares of the basic materials company’s stock worth $5,825,000 after acquiring an additional 9,616 shares in the last quarter. Brookfield Asset Management Inc. grew its position in shares of FMC by 84.8% in the 4th quarter. Brookfield Asset Management Inc. now owns 8,500 shares of the basic materials company’s stock worth $805,000 after acquiring an additional 3,900 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of FMC in the 4th quarter worth approximately $3,932,000. Finally, Gotham Asset Management LLC grew its position in shares of FMC by 103.6% in the 4th quarter. Gotham Asset Management LLC now owns 44,177 shares of the basic materials company’s stock worth $4,182,000 after acquiring an additional 22,478 shares in the last quarter. Institutional investors own 92.38% of the company’s stock.
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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