FMC (FMC) Earning Somewhat Favorable Press Coverage, Report Finds
Press coverage about FMC (NYSE:FMC) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FMC earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.1557162960985 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- FMC (FMC) Rating Reiterated by Credit Suisse Group (americanbankingnews.com)
- The Best Lithium Stocks of 2017: How Did SQM, Albemarle, and FMC Corp. Stack Up? (fool.com)
- FMC reviews 16 OTI license applications (americanshipper.com)
- Lithium Was Just One of the Factors That Drove FMC Stock Up 67.4% in 2017 (fool.com)
- Latin America Crop Protection Pesticides Market is on the verge of crossing USD 8.52 billion in 2020 (emailwire.com)
Shares of FMC (NYSE FMC) traded down $2.90 during trading on Tuesday, reaching $94.98. 1,048,085 shares of the company were exchanged, compared to its average volume of 926,530. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. FMC has a 12-month low of $56.53 and a 12-month high of $98.70. The stock has a market cap of $12,750.00, a PE ratio of 65.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.
FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. FMC had a net margin of 0.78% and a return on equity of 16.77%. The firm had revenue of $646.20 million during the quarter, compared to analysts’ expectations of $686.21 million. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. analysts predict that FMC will post 2.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be given a $0.165 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.69%. FMC’s payout ratio is currently 45.21%.
Several analysts have recently issued reports on the stock. Credit Suisse Group set a $111.00 price objective on shares of FMC and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of FMC from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Bank of America boosted their price objective on shares of FMC from $103.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BMO Capital Markets boosted their price objective on shares of FMC from $80.00 to $90.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Finally, Goldman Sachs Group assumed coverage on shares of FMC in a research note on Monday, December 4th. They set a “neutral” rating and a $98.00 price objective for the company. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. FMC has a consensus rating of “Buy” and an average target price of $95.25.
In other FMC 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 value of $33,873.75. Following the completion of the transaction, the insider now directly owns 6,856 shares of the company’s stock, valued at approximately $619,302.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
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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