FMC Corporation (FMC) Getting Favorable News Coverage, Study Finds
Press coverage about FMC Corporation (NYSE:FMC) has trended positive on Saturday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FMC Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.0525931599717 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- FMC Corporation (FMC) and DowDuPont (DWDP) Financial Comparison (americanbankingnews.com)
- Lithium from 92 Resources Corp.’s (RGDCF) Properties May Soon Power Your Electric Vehicle (blog.qualitystocks.net)
- Jefferies Group Comments on FMC Corporation’s Q3 2017 Earnings (FMC) (americanbankingnews.com)
- Should You Ride the Electric Car Trend? (money.usnews.com)
- 2017-2022 guar meal report on global and United States’ market forecast made available by top research firm (whatech.com)
FMC Corporation (FMC) traded up 0.85% during trading on Friday, hitting $93.72. 1,045,987 shares of the stock traded hands. FMC Corporation has a 12 month low of $45.91 and a 12 month high of $94.42. The company’s 50 day moving average price is $88.89 and its 200 day moving average price is $79.01. The company has a market cap of $12.57 billion, a P/E ratio of 278.10 and a beta of 1.61.
FMC Corporation (NYSE:FMC) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The company had revenue of $656.80 million for the quarter, compared to analysts’ expectations of $614.01 million. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that FMC Corporation will post $2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, September 28th. FMC Corporation’s dividend payout ratio (DPR) is presently 188.58%.
Several equities analysts have weighed in on FMC shares. Credit Suisse Group set a $85.00 price target on shares of FMC Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Jefferies Group LLC restated a “buy” rating and issued a $84.00 price target on shares of FMC Corporation in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of FMC Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price target on shares of FMC Corporation in a research report on Wednesday, July 12th. Finally, Seaport Global Securities cut shares of FMC Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $82.00 to $80.00 in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $87.89.
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In other news, VP Andrea E. Utecht sold 14,174 shares of FMC Corporation stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,190,616.00. Following the transaction, the vice president now directly owns 131,639 shares in the company, valued at approximately $11,057,676. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.
About FMC Corporation
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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