FMC Corp (NYSE:FMC) – Analysts at First Analysis decreased their Q3 2018 earnings per share estimates for shares of FMC in a research report issued on Tuesday, August 21st, Zacks Investment Research reports. First Analysis analyst now anticipates that the basic materials company will post earnings per share of $0.93 for the quarter, down from their previous forecast of $1.22. First Analysis also issued estimates for FMC’s FY2018 earnings at $6.05 EPS and Q2 2019 earnings at $1.87 EPS.
A number of other equities analysts also recently commented on FMC. Zacks Investment Research downgraded FMC from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Credit Suisse Group set a $107.00 price objective on FMC and gave the stock a “buy” rating in a report on Tuesday, June 12th. Bank of America set a $100.00 price objective on FMC and gave the stock a “buy” rating in a report on Friday, May 4th. BMO Capital Markets raised their price objective on FMC from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, May 4th. Finally, Loop Capital raised their price objective on FMC to $119.00 and gave the stock a “buy” rating in a report on Friday, May 4th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $101.93.
FMC stock opened at $85.06 on Thursday. The stock has a market capitalization of $11.63 billion, a PE ratio of 15.94, a PEG ratio of 0.77 and a beta of 1.60. The company has a current ratio of 1.63, a quick ratio of 1.24 and a debt-to-equity ratio of 0.96. FMC has a 12 month low of $72.73 and a 12 month high of $98.70.
FMC (NYSE:FMC) last released its earnings results on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.06. FMC had a return on equity of 27.12% and a net margin of 23.96%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was up 92.2% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Friday, September 28th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. FMC’s dividend payout ratio (DPR) is currently 24.35%.
In other FMC news, insider Paul W. Graves sold 3,615 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $88.46, for a total transaction of $319,782.90. Following the completion of the sale, the insider now owns 89,612 shares in the company, valued at approximately $7,927,077.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dirk A. Kempthorne acquired 1,173 shares of the stock in a transaction on Tuesday, August 28th. The shares were acquired at an average price of $86.12 per share, with a total value of $101,018.76. Following the purchase, the director now owns 35,783 shares in the company, valued at $3,081,631.96. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. grew its position in shares of FMC by 15.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 43,495 shares of the basic materials company’s stock worth $3,880,000 after acquiring an additional 5,766 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of FMC by 32.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 281,305 shares of the basic materials company’s stock worth $25,095,000 after acquiring an additional 68,784 shares in the last quarter. Andra AP fonden acquired a new position in shares of FMC in the 2nd quarter worth approximately $2,391,000. Verition Fund Management LLC grew its position in shares of FMC by 779.5% in the 2nd quarter. Verition Fund Management LLC now owns 27,599 shares of the basic materials company’s stock worth $2,462,000 after acquiring an additional 24,461 shares in the last quarter. Finally, Argent Trust Co acquired a new position in shares of FMC in the 2nd quarter worth approximately $305,000. Hedge funds and other institutional investors own 89.86% of the company’s stock.