FMC Corp. (NYSE:FMC) – Analysts at Jefferies Group dropped their Q1 2017 earnings per share estimates for FMC Corp. in a report issued on Thursday. Jefferies Group analyst L. Alexander now forecasts that the firm will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.76. Jefferies Group has a “Buy” rating and a $58.00 price target on the stock. Jefferies Group also issued estimates for FMC Corp.’s Q3 2017 earnings at $0.71 EPS, Q4 2017 earnings at $0.86 EPS and FY2017 earnings at $2.85 EPS.
A number of other equities research analysts have also weighed in on the stock. Susquehanna boosted their price objective on shares of FMC Corp. from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 26th. Zacks Investment Research downgraded shares of FMC Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $44.00 target price on shares of FMC Corp. in a research note on Wednesday, August 3rd. Citigroup Inc. lifted their target price on shares of FMC Corp. from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, July 15th. Finally, Nomura reaffirmed a “hold” rating on shares of FMC Corp. in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.07.
FMC Corp. (NYSE:FMC) opened at 48.34 on Friday. The company’s market capitalization is $6.47 billion. The firm has a 50 day moving average of $47.41 and a 200-day moving average of $45.87. FMC Corp. has a 1-year low of $32.24 and a 1-year high of $50.57.
FMC Corp. (NYSE:FMC) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. FMC Corp. had a negative net margin of 2.79% and a positive return on equity of 16.35%. The firm had revenue of $810.30 million for the quarter, compared to analyst estimates of $889.70 million. During the same period last year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was down 8.7% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in FMC. Tredje AP fonden increased its stake in FMC Corp. by 603.2% in the second quarter. Tredje AP fonden now owns 2,180 shares of the company’s stock worth $101,000 after buying an additional 1,870 shares in the last quarter. IFP Advisors Inc increased its stake in FMC Corp. by 11,180.0% in the second quarter. IFP Advisors Inc now owns 2,256 shares of the company’s stock worth $104,000 after buying an additional 2,236 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in FMC Corp. by 112.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,347 shares of the company’s stock worth $109,000 after buying an additional 1,241 shares in the last quarter. Advisor Group Inc. acquired a new stake in FMC Corp. during the second quarter worth $155,000. Finally, Investment Counselors of Maryland LLC increased its stake in FMC Corp. by 3.0% in the second quarter. Investment Counselors of Maryland LLC now owns 3,394 shares of the company’s stock worth $157,000 after buying an additional 100 shares in the last quarter. 94.55% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, September 28th. FMC Corp.’s dividend payout ratio is presently -94.29%.
FMC Corp. Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates through three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops, markets and sells over three classes of crop protection chemicals, including insecticides, herbicides and fungicides.
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