$0.92 EPS Expected for FMC Corp (FMC) This Quarter
Equities analysts expect that FMC Corp (NYSE:FMC) will post earnings of $0.92 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for FMC’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.88. FMC reported earnings per share of $0.70 in the same quarter last year, which would suggest a positive year over year growth rate of 31.4%. The firm is scheduled to issue its next earnings report on Monday, November 5th.
According to Zacks, analysts expect that FMC will report full-year earnings of $6.07 per share for the current fiscal year, with EPS estimates ranging from $5.90 to $6.18. For the next year, analysts anticipate that the company will report earnings of $6.83 per share, with EPS estimates ranging from $6.50 to $7.11. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow FMC.
FMC (NYSE:FMC) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.06. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. FMC had a net margin of 23.96% and a return on equity of 27.12%. The firm’s revenue for the quarter was up 92.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share.
NYSE:FMC traded down $0.77 during trading hours on Friday, reaching $82.17. 1,025,280 shares of the company were exchanged, compared to its average volume of 863,316. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.24 and a current ratio of 1.63. The stock has a market capitalization of $11.06 billion, a PE ratio of 30.32, a P/E/G ratio of 0.73 and a beta of 1.61. FMC has a twelve month low of $72.73 and a twelve month high of $98.70.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 27th. FMC’s dividend payout ratio (DPR) is presently 24.35%.
In related news, COO Mark Douglas bought 4,250 shares of the stock in a transaction on Tuesday, August 14th. The stock was bought at an average price of $86.13 per share, with a total value of $366,052.50. Following the completion of the purchase, the chief operating officer now directly owns 59,943 shares in the company, valued at approximately $5,162,890.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dirk A. Kempthorne bought 1,173 shares of the stock in a transaction on Tuesday, August 28th. The shares were bought at an average cost of $86.12 per share, with a total value of $101,018.76. Following the purchase, the director now owns 35,783 shares of the company’s stock, valued at $3,081,631.96. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. purchased a new position in FMC during the second quarter worth about $116,000. Thompson Davis & CO. Inc. lifted its position in shares of FMC by 307.1% during the second quarter. Thompson Davis & CO. Inc. now owns 1,425 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 1,075 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of FMC by 221.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,525 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 1,050 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of FMC during the second quarter worth about $139,000. Finally, Exane Derivatives acquired a new stake in shares of FMC during the second quarter worth about $141,000. 89.86% of the stock is owned by institutional investors.
FMC Company Profile
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.
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