$ 1.33 in earnings per share expected for FMC Co. (NYSE: FMC) this quarter
Brokerages expect FMC Co. (NYSE: FMC) to report earnings of $ 1.33 per share for the current quarter, Zacks reports. Two analysts made estimates for FMC’s earnings, with the lowest EPS estimate at $ 1.30 and the highest estimate at $ 1.34. FMC posted earnings of $ 1.22 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 9%. The company is expected to publish its next quarterly results on Monday, November 1.
According to Zacks, analysts expect FMC to report annual earnings of $ 6.81 per share for the current fiscal year, with EPS estimates ranging from $ 6.72 to $ 6.95. For the next fiscal year, analysts predict the company will post earnings of $ 7.74 per share, with EPS estimates ranging from $ 7.16 to $ 8.00. Zacks Investment Research earnings per share averages are an average based on a survey of sales analysts who cover FMC.
FMC (NYSE: FMC) last released its quarterly earnings data on Tuesday, August 3. The basic materials company reported earnings per share of $ 1.81 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.77 of $ 0.04. FMC had a net margin of 11.69% and a return on equity of 25.77%. The company posted revenue of $ 1.24 billion for the quarter, compared to analysts’ estimates of $ 1.23 billion.
A number of research analysts have recently published reports on FMC shares. Vertical Research downgraded FMC’s shares from a “buy” rating to a “hold” rating and set a price target of $ 123.00 for the company. in a report on Thursday, June 24. BMO Capital Markets lowered its price target for FMC shares from $ 130.00 to $ 120.00 and established an “outperformance” rating for the company in a research report released Thursday, August 5. Citigroup lowered its price target for FMC shares from $ 118.00 to $ 109.00 and set a “neutral” rating for the company in a research report on Thursday, August 5. Loop Capital downgraded FMC’s stock rating from a “buy” rating to a “keep” rating and lowered its price target for the company from $ 128.00 to $ 122.00 in a report. research published on Tuesday, July 20. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a price target of $ 126.00 on FMC shares in a report released Tuesday. Eight research analysts rated the stock with a conservation rating and eight issued a buy rating for the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $ 124.93.
Meanwhile, CFO Andrew D. Sandifer bought 1,260 shares of the company in a trade on Friday, September 3. The stock was acquired at an average cost of $ 96.97 per share, for a total value of $ 122,182.20. As a result of the transaction, the CFO now directly owns 30,906 shares of the company, valued at approximately $ 2,996,954.82. The acquisition was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. In addition, director Carol Anthony Davidson purchased 1,500 shares of FMC in a transaction dated Monday, August 30. The stock was purchased at an average cost of $ 93.89 per share, for a total value of $ 140,835.00. Following the completion of the transaction, the director now owns 3,201 shares of the company, valued at approximately $ 300,541.89. Disclosure of this purchase can be found here. 0.61% of the shares are currently owned by company insiders.
A number of institutional investors have recently bought and sold shares in the company. Ameritas Investment Company LLC purchased a new stake in shares of FMC in the first quarter valued at approximately $ 30,000. Wealthcare Advisory Partners LLC acquired a new position in shares of FMC during the first quarter valued at approximately $ 48,000. Eagle Bay Advisors LLC acquired a new position in shares of FMC during the second quarter valued at approximately $ 52,000. Close Asset Management Ltd acquired a new position in shares of FMC during the first quarter valued at approximately $ 55,000. Finally, First Horizon Advisors Inc. increased its holdings of FMC shares by 234.6% in the first quarter. First Horizon Advisors Inc. now owns 532 shares of the basic materials company valued at $ 58,000 after purchasing an additional 373 shares in the last quarter. Institutional investors and hedge funds hold 88.21% of the company’s shares.
FMC shares traded up $ 0.62 on Friday, reaching $ 98.12. The company’s shares had a trading volume of 1,171,022 shares, compared to an average volume of 908,898. The company has a leverage ratio of 0.84, a quick ratio of 0.99, and a current ratio of 1. , 35. The stock’s 50-day moving average is $ 99.46 and its 200-day moving average is $ 108.42. CME has a minimum of $ 87.27 over 52 weeks and a maximum of $ 123.66 over 52 weeks. The company has a market cap of $ 12.63 billion, a PE ratio of 23.42, a PEG ratio of 1.28 and a beta of 0.96.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 21. Investors of record on Thursday, September 30 will receive a dividend of $ 0.48 per share. This represents an annualized dividend of $ 1.92 and a return of 1.96%. The ex-dividend date is Wednesday, September 29. FMC’s dividend payout ratio (DPR) is currently 31.02%.
FMC Company Profile
FMC Corp. is an agricultural science company, engaged in providing solutions to producers and developing pipelines in the fields of crop protection, plant health, precision agriculture and professional management of crops. pests and turf. It offers insect repellants under the Rynaxypyr and Cyazypyr brands; herbicides of the Authority, Boral, Centium, Command and Gamit brands; insecticides under the brands Talstar and Hero; fungicides based on flutriafol; and bionematicides under the Quartzo and Présence brands.
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