FMC Corp (NYSE:FMC) – Stock analysts at Jefferies Financial Group decreased their FY2019 earnings estimates for FMC in a research report issued to clients and investors on Tuesday, November 6th. Jefferies Financial Group analyst L. Alexander now forecasts that the basic materials company will post earnings of $6.25 per share for the year, down from their previous estimate of $6.50. Jefferies Financial Group also issued estimates for FMC’s FY2020 earnings at $7.40 EPS and FY2022 earnings at $8.40 EPS.

FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. FMC had a return on equity of 26.26% and a net margin of 22.28%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s revenue was up 60.4% on a year-over-year basis.

A number of other equities research analysts have also recently issued reports on FMC. Zacks Investment Research cut FMC from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. ValuEngine cut FMC from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Citigroup started coverage on FMC in a report on Monday, November 5th. They set a “buy” rating and a $92.00 price objective for the company. Credit Suisse Group started coverage on FMC in a report on Monday, November 5th. They set an “outperform” rating and a $103.00 price objective for the company. Finally, Loop Capital started coverage on FMC in a report on Friday. They set a “buy” rating and a $118.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $101.42.

Shares of NYSE:FMC opened at $83.57 on Thursday. FMC has a 12-month low of $72.73 and a 12-month high of $98.70. The company has a market cap of $11.30 billion, a PE ratio of 30.84, a PEG ratio of 0.75 and a beta of 1.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.24.

In related news, COO Mark Douglas purchased 4,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average cost of $86.13 per share, for a total transaction of $366,052.50. Following the completion of the purchase, the chief operating officer now owns 59,943 shares in the company, valued at approximately $5,162,890.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dirk A. Kempthorne purchased 1,173 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was bought at an average price of $86.12 per share, with a total value of $101,018.76. Following the completion of the purchase, the director now owns 35,783 shares of the company’s stock, valued at approximately $3,081,631.96. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently modified their holdings of FMC. Boston Partners boosted its stake in shares of FMC by 29.2% in the second quarter. Boston Partners now owns 4,220,507 shares of the basic materials company’s stock valued at $376,511,000 after buying an additional 953,377 shares during the period. Frontier Capital Management Co. LLC raised its position in FMC by 34.3% during the second quarter. Frontier Capital Management Co. LLC now owns 2,153,223 shares of the basic materials company’s stock valued at $192,089,000 after purchasing an additional 549,475 shares in the last quarter. Green Valley Investors LLC acquired a new position in FMC during the second quarter valued at approximately $32,693,000. Millennium Management LLC raised its position in FMC by 124.3% during the second quarter. Millennium Management LLC now owns 630,703 shares of the basic materials company’s stock valued at $56,265,000 after purchasing an additional 349,495 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in FMC by 157.8% during the second quarter. Segall Bryant & Hamill LLC now owns 563,546 shares of the basic materials company’s stock valued at $50,274,000 after purchasing an additional 344,986 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.

About FMC

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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Earnings History and Estimates for FMC (NYSE:FMC)

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