Q1 2024 EPS Estimates for FMC Co. Lowered by Analyst (NYSE:FMC)

FMC Co. (NYSE:FMCFree Report) – Equities researchers at Roth Capital reduced their Q1 2024 earnings estimates for shares of FMC in a research report issued on Wednesday, February 7th. Roth Capital analyst B. Wright now forecasts that the basic materials company will earn $0.28 per share for the quarter, down from their prior estimate of $0.80. The consensus estimate for FMC’s current full-year earnings is $3.97 per share. Roth Capital also issued estimates for FMC’s Q3 2024 earnings at $1.11 EPS and Q4 2024 earnings at $1.86 EPS.

Several other brokerages also recently commented on FMC. Mizuho cut their price objective on shares of FMC from $59.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Wells Fargo & Company decreased their price target on shares of FMC from $99.00 to $73.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. BNP Paribas cut FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price objective for the company. in a research note on Wednesday, February 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $59.00 price objective (down previously from $135.00) on shares of FMC in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, FMC currently has a consensus rating of “Hold” and a consensus target price of $74.53.

Get Our Latest Analysis on FMC

FMC Price Performance

FMC stock opened at $53.61 on Monday. The stock has a market cap of $6.69 billion, a PE ratio of 5.09, a P/E/G ratio of 1.63 and a beta of 0.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.52 and a quick ratio of 1.01. FMC has a one year low of $49.49 and a one year high of $131.77. The firm has a 50 day simple moving average of $58.55 and a two-hundred day simple moving average of $65.92.

FMC (NYSE:FMCGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. During the same quarter in the prior year, the business earned $2.37 earnings per share.

FMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a yield of 4.33%. FMC’s dividend payout ratio (DPR) is 22.03%.

Insider Buying and Selling at FMC

In other news, Director Robert C. Pallash acquired 3,845 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of $52.48 per share, with a total value of $201,785.60. Following the acquisition, the director now directly owns 47,871 shares in the company, valued at $2,512,270.08. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FMC

Several large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its position in shares of FMC by 68.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 228 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 93 shares in the last quarter. CVA Family Office LLC acquired a new stake in FMC during the fourth quarter worth $31,000. Financial Connections Group Inc. bought a new position in shares of FMC during the fourth quarter valued at $31,000. Quintet Private Bank Europe S.A. bought a new position in shares of FMC during the third quarter valued at $33,000. Finally, Spire Wealth Management lifted its holdings in shares of FMC by 143.1% during the third quarter. Spire Wealth Management now owns 508 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 299 shares during the period. Institutional investors own 86.91% of the company’s stock.

FMC Company Profile

(Get Free Report)

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.

See Also

Earnings History and Estimates for FMC (NYSE:FMC)

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