$1.21 Billion in Sales Expected for FMC Corp (FMC) This Quarter
Brokerages forecast that FMC Corp (NYSE:FMC) will announce $1.21 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for FMC’s earnings. FMC reported sales of $1.26 billion during the same quarter last year, which indicates a negative year over year growth rate of 4%. The firm is expected to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that FMC will report full year sales of $4.55 billion for the current financial year, with estimates ranging from $4.52 billion to $4.59 billion. For the next financial year, analysts forecast that the business will post sales of $4.84 billion, with estimates ranging from $4.77 billion to $5.06 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow FMC.
FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. FMC had a return on equity of 27.53% and a net margin of 9.57%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year.
Shares of NYSE:FMC traded down $0.44 on Wednesday, reaching $70.92. The company had a trading volume of 866,188 shares, compared to its average volume of 1,396,003. FMC has a twelve month low of $69.36 and a twelve month high of $92.76. The stock has a market capitalization of $9.34 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.19 and a beta of 1.49. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.26 and a quick ratio of 0.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.60 annualized dividend and a dividend yield of 2.26%. FMC’s dividend payout ratio is presently 25.44%.
In related news, CEO Pierre R. Brondeau sold 33,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $73.09, for a total transaction of $2,411,970.00. Following the completion of the transaction, the chief executive officer now owns 284,814 shares of the company’s stock, valued at approximately $20,817,055.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Douglas sold 18,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $75.12, for a total value of $1,389,720.00. Following the completion of the transaction, the insider now directly owns 47,594 shares of the company’s stock, valued at approximately $3,575,261.28. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC raised its holdings in FMC by 1.5% in the 1st quarter. EP Wealth Advisors LLC now owns 136,811 shares of the basic materials company’s stock valued at $10,510,000 after acquiring an additional 2,032 shares in the last quarter. Cleararc Capital Inc. acquired a new position in FMC in the 1st quarter valued at approximately $250,000. Horizon Investments LLC acquired a new position in FMC in the 1st quarter valued at approximately $205,000. CWM Advisors LLC raised its holdings in FMC by 70.1% in the 1st quarter. CWM Advisors LLC now owns 5,942 shares of the basic materials company’s stock valued at $456,000 after acquiring an additional 2,448 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in FMC by 16.0% in the 1st quarter. HighTower Advisors LLC now owns 11,098 shares of the basic materials company’s stock valued at $854,000 after acquiring an additional 1,529 shares in the last quarter. 89.72% of the stock is owned by hedge funds and other 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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