Analysts Anticipate FMC Corp (FMC) Will Announce Earnings of $1.01 Per Share
Analysts forecast that FMC Corp (NYSE:FMC) will announce $1.01 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for FMC’s earnings. The highest EPS estimate is $1.08 and the lowest is $0.87. FMC posted earnings of $0.88 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14.8%. The firm is scheduled to announce its next earnings report on Monday, February 5th.
On average, analysts expect that FMC will report full year earnings of $2.65 per share for the current year, with EPS estimates ranging from $2.59 to $2.70. For the next year, analysts forecast that the business will post earnings of $5.31 per share, with EPS estimates ranging from $4.91 to $5.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover FMC.
FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The company had revenue of $646.20 million for the quarter, compared to analysts’ expectations of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. FMC’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS.
FMC (NYSE:FMC) traded up $0.49 on Thursday, reaching $97.45. 1,020,000 shares of the company’s stock traded hands, compared to its average volume of 959,102. The company has a quick ratio of 1.81, a current ratio of 2.19 and a debt-to-equity ratio of 0.70. The company has a market cap of $13,080.00, a PE ratio of 66.75, a P/E/G ratio of 1.59 and a beta of 1.61. FMC has a 1-year low of $56.53 and a 1-year high of $98.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, December 28th. FMC’s payout ratio is currently 45.21%.
In other news, insider Nicholas Pfeiffer sold 375 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the sale, the insider now owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its holdings in FMC by 0.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 91,917 shares of the basic materials company’s stock worth $8,077,000 after acquiring an additional 572 shares in the last quarter. Gabelli Funds LLC increased its holdings in FMC by 1.8% in the 3rd quarter. Gabelli Funds LLC now owns 34,600 shares of the basic materials company’s stock worth $3,090,000 after acquiring an additional 600 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in FMC by 13.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after acquiring an additional 1,688 shares in the last quarter. Advisor Partners LLC purchased a new stake in FMC in the 3rd quarter worth approximately $216,000. Finally, Achmea Investment Management B.V. purchased a new stake in FMC in the 3rd quarter worth approximately $246,000. 89.28% of the stock is owned by hedge funds and other institutional investors.
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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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