Zacks: Brokerages Anticipate FMC Corp (FMC) Will Post Earnings of $1.67 Per Share
Analysts predict that FMC Corp (NYSE:FMC) will report $1.67 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for FMC’s earnings. The lowest EPS estimate is $1.62 and the highest is $1.73. FMC reported earnings of $1.78 per share in the same quarter last year, which suggests a negative year over year growth rate of 6.2%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 7th.
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 $5.68 to $5.94. For the next fiscal year, analysts expect that the firm will report earnings of $6.63 per share, with EPS estimates ranging from $6.35 to $6.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for FMC.
FMC (NYSE:FMC) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.10. FMC had a net margin of 9.57% and a return on equity of 27.53%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year.
FMC stock opened at $73.23 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.26 and a quick ratio of 0.92. FMC has a one year low of $69.36 and a one year high of $92.76. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.19 and a beta of 1.49.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, June 27th. FMC’s dividend payout ratio is currently 25.44%.
In related news, insider Mark Douglas sold 18,500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was 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 owns 47,594 shares of the company’s stock, valued at $3,575,261.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Pierre R. Brondeau sold 33,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were 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 of the company’s stock, valued at approximately $20,817,055.26. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Boston Partners raised its stake in FMC by 40.9% during the fourth quarter. Boston Partners now owns 5,769,261 shares of the basic materials company’s stock worth $426,695,000 after acquiring an additional 1,673,988 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in FMC during the fourth quarter worth about $89,432,000. Millennium Management LLC raised its stake in FMC by 548.6% during the fourth quarter. Millennium Management LLC now owns 866,479 shares of the basic materials company’s stock worth $64,085,000 after acquiring an additional 1,059,618 shares in the last quarter. Norges Bank acquired a new position in FMC during the fourth quarter worth about $64,447,000. Finally, Wellington Management Group LLP raised its stake in FMC by 5.1% during the first quarter. Wellington Management Group LLP now owns 8,467,541 shares of the basic materials company’s stock worth $650,477,000 after acquiring an additional 407,746 shares in the last quarter. 89.72% of the stock is owned by institutional investors and hedge funds.
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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