Equities analysts forecast that FMC Corp (NYSE:FMC) will post earnings per share of $0.92 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for FMC’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.88. FMC posted earnings of $0.70 per share in the same quarter last year, which would suggest a positive year over year growth rate of 31.4%. The business is expected to issue its next earnings results on Monday, November 5th.
According to Zacks, analysts expect that FMC will report full-year earnings of $6.06 per share for the current financial year, with EPS estimates ranging from $5.90 to $6.18. For the next fiscal year, analysts forecast that the firm will post earnings of $6.79 per share, with EPS estimates ranging from $6.50 to $7.09. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow FMC.
FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.06. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. FMC had a net margin of 23.96% and a return on equity of 27.12%. FMC’s revenue for the quarter was up 92.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share.
A number of equities research analysts recently issued reports on the stock. Nomura upped their price objective on shares of FMC from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, July 6th. Goldman Sachs Group raised shares of FMC from a “neutral” rating to a “buy” rating and cut their target price for the stock from $98.70 to $98.00 in a research report on Monday, May 14th. Finally, Credit Suisse Group set a $107.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Tuesday, June 12th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $101.93.
Shares of NYSE:FMC opened at $85.45 on Friday. The firm has a market capitalization of $11.45 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 0.76 and a beta of 1.60. FMC has a 1 year low of $72.73 and a 1 year high of $98.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.63 and a quick ratio of 1.24.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Friday, September 28th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, September 27th. FMC’s dividend payout ratio is 24.35%.
In other FMC news, insider Nicholas Pfeiffer sold 375 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $89.15, for a total transaction of $33,431.25. Following the completion of the transaction, the insider now owns 8,604 shares of the company’s stock, valued at approximately $767,046.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul W. Graves sold 3,615 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $88.46, for a total transaction of $319,782.90. Following the transaction, the insider now directly owns 89,612 shares of the company’s stock, valued at approximately $7,927,077.52. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fred Alger Management Inc. raised its position in shares of FMC by 8,449.8% during the second quarter. Fred Alger Management Inc. now owns 40,184 shares of the basic materials company’s stock valued at $3,585,000 after buying an additional 39,714 shares during the last quarter. Osborne Partners Capital Management LLC raised its position in shares of FMC by 25.6% during the second quarter. Osborne Partners Capital Management LLC now owns 42,791 shares of the basic materials company’s stock valued at $3,817,000 after buying an additional 8,711 shares during the last quarter. Jennison Associates LLC raised its position in shares of FMC by 0.8% during the second quarter. Jennison Associates LLC now owns 1,871,979 shares of the basic materials company’s stock valued at $166,999,000 after buying an additional 15,270 shares during the last quarter. KBC Group NV raised its position in shares of FMC by 21.9% during the second quarter. KBC Group NV now owns 55,960 shares of the basic materials company’s stock valued at $4,992,000 after buying an additional 10,066 shares during the last quarter. Finally, W.E. Donoghue & Co. LLC acquired a new position in shares of FMC during the second quarter valued at about $2,313,000. 89.86% of the stock is owned by institutional investors and hedge funds.