Research Analysts Set Expectations for FMC Corp.’s Q3 2016 Earnings (FMC)
FMC Corp. (NYSE:FMC) – Analysts at First Analysis issued their Q3 2016 EPS estimates for shares of FMC Corp. in a report issued on Monday. First Analysis analyst anticipates that the brokerage will post earnings of $0.59 per share for the quarter. First Analysis also issued estimates for FMC Corp.’s Q4 2016 earnings at $0.88 EPS, Q1 2017 earnings at $0.72 EPS, Q2 2017 earnings at $0.76 EPS and FY2017 earnings at $3.15 EPS.
FMC has been the subject of a number of other reports. KeyCorp reaffirmed a “buy” rating on shares of FMC Corp. in a research note on Wednesday, June 29th. Credit Suisse Group AG restated a “hold” rating on shares of FMC Corp. in a report on Monday, June 27th. Citigroup Inc. boosted their price target on FMC Corp. from $48.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Zacks Investment Research upgraded FMC Corp. from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Wednesday, June 15th. Finally, Nomura restated a “hold” rating on shares of FMC Corp. in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $44.07.
Shares of FMC Corp. (NYSE:FMC) traded down 0.42% on Tuesday, reaching $47.91. The company’s stock had a trading volume of 191,312 shares. FMC Corp. has a 1-year low of $32.24 and a 1-year high of $50.57. The stock’s market cap is $6.41 billion. The company’s 50 day moving average is $47.43 and its 200-day moving average is $46.01.
FMC Corp. (NYSE:FMC) last issued its earnings results on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. FMC Corp. had a positive return on equity of 16.35% and a negative net margin of 2.79%. The company had revenue of $810.30 million for the quarter, compared to analyst estimates of $889.70 million. During the same period in the prior year, the firm posted $0.70 EPS. The business’s revenue was down 8.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 1.37%. FMC Corp.’s dividend payout ratio is presently -94.29%.
Several hedge funds have recently modified their holdings of the stock. Strs Ohio increased its stake in shares of FMC Corp. by 28,691.2% in the second quarter. Strs Ohio now owns 580,142 shares of the company’s stock valued at $26,866,000 after buying an additional 578,127 shares in the last quarter. Shell Asset Management Co. boosted its position in FMC Corp. by 2.8% in the second quarter. Shell Asset Management Co. now owns 312,883 shares of the company’s stock valued at $14,490,000 after buying an additional 8,568 shares in the last quarter. Geode Capital Management LLC boosted its position in FMC Corp. by 3.6% in the first quarter. Geode Capital Management LLC now owns 1,081,505 shares of the company’s stock valued at $43,571,000 after buying an additional 37,846 shares in the last quarter. Legal & General Group Plc boosted its position in FMC Corp. by 3.0% in the first quarter. Legal & General Group Plc now owns 550,677 shares of the company’s stock valued at $22,231,000 after buying an additional 16,053 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in FMC Corp. by 1.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 70,220 shares of the company’s stock valued at $2,835,000 after buying an additional 1,320 shares in the last quarter. Institutional investors own 94.55% of the company’s stock.
About FMC Corp.
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.
Receive News & Ratings for FMC Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Corp. and related companies with MarketBeat.com's FREE daily email newsletter.