FMC (FMC) Updates FY13 Earnings Guidance
FMC (NYSE: FMC) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.81-4.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.94. FMC also updated its Q1 guidance to $1.02-1.12 EPS.
FMC (NYSE: FMC) traded down 0.35% on Wednesday, hitting $59.06. FMC has a 52-week low of $47.995 and a 52-week high of $63.15. The stock’s 50-day moving average is currently $60.15. The company has a market cap of $8.131 billion and a price-to-earnings ratio of 19.74.
FMC (NYSE: FMC) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. FMC has set its Q1 guidance at $1.02-1.12 EPS and its FY13 guidance at $3.81-4.01 EPS. On average, analysts predict that FMC will post $3.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, April 18th. Investors of record on Friday, March 29th will be given a dividend of $0.14 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, March 26th.
A number of analysts have recently weighed in on FMC shares. Analysts at Jefferies Group reiterated a buy rating on shares of FMC in a research note to investors on Thursday, March 7th. They now have a $68.00 price target on the stock. On a related note, analysts at UBS AG upgraded shares of FMC from a hold rating to a buy rating in a research note to investors on Friday, February 22nd. Finally, analysts at EVA Dimensions upgraded shares of FMC to a hold rating in a research note to investors on Wednesday, February 20th.
Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $67.67.
FMC Corporation (NYSE: FMC) is a chemical company serving agricultural, consumer and industrial markets with solutions, applications and products.
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