FMC (FMC) Updates Q1 Earnings Guidance
FMC (NYSE:FMC) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.45-1.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. FMC also updated its FY18 guidance to $5.20-5.60 EPS.
A number of brokerages recently weighed in on FMC. Credit Suisse Group set a $111.00 price target on shares of FMC and gave the company a buy rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded shares of FMC from a strong-buy rating to a hold rating in a research report on Thursday, January 4th. Bank of America increased their price target on shares of FMC from $103.00 to $105.00 and gave the company a buy rating in a research report on Wednesday, November 8th. BMO Capital Markets increased their price target on shares of FMC from $80.00 to $90.00 and gave the company a market perform rating in a research report on Wednesday, November 8th. They noted that the move was a valuation call. Finally, Goldman Sachs Group began coverage on shares of FMC in a research report on Monday, December 4th. They issued a neutral rating and a $98.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $96.58.
FMC (FMC) traded up $2.54 during midday trading on Monday, reaching $85.22. The company had a trading volume of 2,409,114 shares, compared to its average volume of 1,431,259. FMC has a twelve month low of $57.29 and a twelve month high of $98.70. The company has a current ratio of 2.19, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. The company has a market cap of $11,470.00, a PE ratio of 58.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. FMC’s payout ratio is 45.21%.
In related news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $90.33, for a total transaction of $33,873.75. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://theolympiareport.com/2018/02/12/fmc-fmc-updates-q1-earnings-guidance.html.
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.
Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.