Brokerages Anticipate FMC Corp (NYSE:FMC) Will Announce Earnings of $1.65 Per Share
Wall Street brokerages forecast that FMC Corp (NYSE:FMC) will announce earnings per share (EPS) of $1.65 for the current quarter, Zacks reports. Two analysts have made estimates for FMC’s earnings. The lowest EPS estimate is $1.60 and the highest is $1.73. FMC reported earnings of $1.78 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.3%. The firm is expected to announce its next earnings results after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that FMC will report full-year earnings of $5.76 per share for the current year, with EPS estimates ranging from $5.65 to $5.94. For the next fiscal year, analysts anticipate that the company will post earnings of $6.64 per share, with EPS estimates ranging from $6.35 to $6.94. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow FMC.
FMC (NYSE:FMC) last announced its earnings results on Monday, May 6th. The basic materials company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. FMC had a return on equity of 27.53% and a net margin of 9.57%. FMC’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS.
NYSE:FMC traded up $0.56 during trading hours on Friday, reaching $83.26. 901,900 shares of the company traded hands, compared to its average volume of 1,062,944. The firm’s 50-day simple moving average is $79.54. The stock has a market capitalization of $11.00 billion, a PE ratio of 13.24, a P/E/G ratio of 1.31 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.92 and a current ratio of 1.26. FMC has a 1-year low of $69.36 and a 1-year high of $92.76.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. FMC’s payout ratio is currently 25.44%.
In other FMC news, CEO Pierre R. Brondeau sold 33,000 shares of FMC stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $73.09, for a total value of $2,411,970.00. Following the completion of the transaction, the chief executive officer now directly owns 284,814 shares in the company, valued at $20,817,055.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Pfeiffer sold 2,446 shares of FMC stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $80.67, for a total value of $197,318.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,946 shares of company stock valued at $3,999,009. 1.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB raised its holdings in FMC by 7.7% during the second quarter. Xact Kapitalforvaltning AB now owns 32,357 shares of the basic materials company’s stock worth $2,684,000 after purchasing an additional 2,313 shares in the last quarter. Exane Derivatives grew its holdings in shares of FMC by 668.8% during the 2nd quarter. Exane Derivatives now owns 9,202 shares of the basic materials company’s stock valued at $763,000 after purchasing an additional 8,005 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of FMC by 13.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 3,182 shares of the basic materials company’s stock valued at $264,000 after purchasing an additional 382 shares during the last quarter. First National Bank of Omaha grew its holdings in shares of FMC by 0.6% during the 2nd quarter. First National Bank of Omaha now owns 62,128 shares of the basic materials company’s stock valued at $5,154,000 after purchasing an additional 392 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of FMC by 387.4% during the 2nd quarter. Retirement Systems of Alabama now owns 305,610 shares of the basic materials company’s stock valued at $25,350,000 after purchasing an additional 242,908 shares during the last quarter. Institutional investors and hedge funds own 89.75% of the company’s stock.
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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