FMC Corp (NYSE:FMC) – Investment analysts at Seaport Global Securities lifted their Q2 2019 EPS estimates for shares of FMC in a note issued to investors on Monday, April 15th. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $1.58 per share for the quarter, up from their prior estimate of $1.56.
FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. FMC had a net margin of 10.62% and a return on equity of 27.73%. During the same quarter in the previous year, the business posted $1.10 EPS.
FMC has been the topic of a number of other research reports. Zacks Investment Research cut shares of FMC from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Credit Suisse Group dropped their price target on shares of FMC from $112.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Nomura upped their price target on shares of FMC from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. KeyCorp dropped their price target on shares of FMC from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $81.00 price target on shares of FMC in a research note on Friday, March 8th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $98.00.
Shares of FMC stock opened at $80.76 on Wednesday. The stock has a market capitalization of $10.50 billion, a P/E ratio of 12.84, a PEG ratio of 1.30 and a beta of 1.48. FMC has a 1 year low of $69.36 and a 1 year high of $92.95. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 0.68.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, March 28th. FMC’s dividend payout ratio (DPR) is currently 25.44%.
In other FMC news, Director Robert C. Pallash sold 6,992 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $87.28, for a total transaction of $610,261.76. Following the completion of the sale, the director now directly owns 37,458 shares of the company’s stock, valued at approximately $3,269,334.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Andrea E. Utecht sold 30,464 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $84.39, for a total transaction of $2,570,856.96. Following the sale, the vice president now directly owns 104,231 shares of the company’s stock, valued at $8,796,054.09. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,880 shares of company stock valued at $11,144,839. Insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc grew its holdings in FMC by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 14,445,070 shares of the basic materials company’s stock valued at $1,259,321,000 after buying an additional 62,905 shares in the last quarter. BlackRock Inc. boosted its position in shares of FMC by 3.5% during the 4th quarter. BlackRock Inc. now owns 9,284,039 shares of the basic materials company’s stock valued at $686,649,000 after acquiring an additional 315,427 shares during the last quarter. Boston Partners boosted its position in shares of FMC by 40.9% during the 4th quarter. Boston Partners now owns 5,769,261 shares of the basic materials company’s stock valued at $426,695,000 after acquiring an additional 1,673,988 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of FMC by 4.2% during the 4th quarter. King Luther Capital Management Corp now owns 2,653,737 shares of the basic materials company’s stock valued at $196,270,000 after acquiring an additional 107,078 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of FMC by 3.8% during the 4th quarter. Northern Trust Corp now owns 2,445,446 shares of the basic materials company’s stock valued at $180,865,000 after acquiring an additional 89,245 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.
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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