FMC Corporation to Post Q3 2017 Earnings of $0.91 Per Share, First Analysis Forecasts (FMC)

FMC Corporation (NYSE:FMC) – Equities research analysts at First Analysis issued their Q3 2017 earnings per share (EPS) estimates for shares of FMC Corporation in a report issued on Monday. First Analysis analyst forecasts that the brokerage will post earnings per share of $0.91 for the quarter. First Analysis also issued estimates for FMC Corporation’s Q4 2017 earnings at $1.07 EPS and FY2018 earnings at $3.60 EPS.

A number of other equities analysts have also recently issued reports on the stock. Nomura restated a “hold” rating on shares of FMC Corporation in a research note on Thursday, November 3rd. Vetr lowered shares of FMC Corporation from a “sell” rating to a “strong sell” rating and set a $50.73 target price on the stock. in a report on Thursday, January 5th. Piper Jaffray Companies raised shares of FMC Corporation from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $45.00 to $51.00 in a report on Monday, November 28th. Instinet upped their target price on shares of FMC Corporation from $57.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of FMC Corporation in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $54.72.

Earnings History and Estimates for FMC Corporation (NYSE:FMC)

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Shares of FMC Corporation (NYSE:FMC) opened at 58.75 on Tuesday. The stock has a market cap of $7.87 billion, a P/E ratio of 37.68 and a beta of 1.66. FMC Corporation has a 1-year low of $34.57 and a 1-year high of $62.84. The company’s 50-day moving average is $59.05 and its 200 day moving average is $52.38.

FMC Corporation (NYSE:FMC) last issued its earnings results on Monday, February 6th. The company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.01. FMC Corporation had a net margin of 6.37% and a return on equity of 18.60%. The business earned $865.60 million during the quarter, compared to analysts’ expectations of $915.55 million. During the same period in the prior year, the business posted $0.77 EPS. The business’s revenue was down 3.7% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the stock. Johanson Financial Advisors Inc. increased its stake in shares of FMC Corporation by 0.3% in the third quarter. Johanson Financial Advisors Inc. now owns 5,009 shares of the company’s stock worth $242,000 after buying an additional 17 shares in the last quarter. Profund Advisors LLC increased its stake in shares of FMC Corporation by 0.5% in the third quarter. Profund Advisors LLC now owns 15,389 shares of the company’s stock worth $744,000 after buying an additional 77 shares in the last quarter. Westpac Banking Corp increased its stake in shares of FMC Corporation by 0.5% in the third quarter. Westpac Banking Corp now owns 17,995 shares of the company’s stock worth $870,000 after buying an additional 85 shares in the last quarter. Middleton & Co Inc MA increased its stake in shares of FMC Corporation by 0.4% in the third quarter. Middleton & Co Inc MA now owns 25,757 shares of the company’s stock worth $1,245,000 after buying an additional 94 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of FMC Corporation by 3.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,428 shares of the company’s stock worth $166,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.

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The company also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Friday, December 30th were given a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.12%. FMC Corporation’s dividend payout ratio is 42.31%.

FMC Corporation Company Profile

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.

5 Day Chart for NYSE:FMC

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