FMC (FMC) Set to Announce Quarterly Earnings on Monday

FMC (NYSE:FMC) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect FMC to post earnings of $0.49 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.01). FMC had a net margin of 29.45% and a return on equity of 12.98%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $2.37 earnings per share. On average, analysts expect FMC to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FMC Price Performance

Shares of FMC opened at $61.85 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The firm has a market cap of $7.72 billion, a PE ratio of 5.87, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. The business’s 50 day moving average price is $60.08 and its two-hundred day moving average price is $57.97. FMC has a 52-week low of $49.49 and a 52-week high of $114.66.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.32 annualized dividend and a dividend yield of 3.75%. FMC’s payout ratio is 22.03%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FMC. Bank of America cut shares of FMC from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $60.00 to $57.00 in a research report on Tuesday, January 16th. KeyCorp increased their price objective on FMC from $76.00 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. BNP Paribas downgraded shares of FMC from an “outperform” rating to a “neutral” rating and set a $56.00 price target for the company. in a research note on Wednesday, February 7th. UBS Group raised FMC from a “neutral” rating to a “buy” rating and raised their price objective for the company from $61.00 to $84.00 in a research note on Wednesday, March 20th. Finally, StockNews.com lowered FMC from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.75.

Insider Transactions at FMC

In other news, CFO Andrew D. Sandifer purchased 2,150 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average cost of $59.22 per share, with a total value of $127,323.00. Following the completion of the acquisition, the chief financial officer now owns 50,088 shares of the company’s stock, valued at approximately $2,966,211.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.85% of the company’s stock.

FMC Company Profile

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 includes 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.