FMC (NYSE:FMC) Releases Earnings Results, Misses Estimates By $0.01 EPS

FMC (NYSE:FMCGet Free Report) posted its quarterly earnings data on Monday. The basic materials company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01), RTT News reports. FMC had a return on equity of 18.84% and a net margin of 10.01%. During the same period in the prior year, the business earned $2.37 earnings per share.

FMC Stock Performance

FMC stock opened at $60.42 on Tuesday. FMC has a 12-month low of $49.49 and a 12-month high of $131.77. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.77 and a beta of 0.88. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.54 and a quick ratio of 0.96. The firm’s fifty day moving average price is $58.64 and its 200 day moving average price is $67.41.

FMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.84%. FMC’s dividend payout ratio (DPR) is presently 59.03%.

Insider Transactions at FMC

In other news, Director Robert C. Pallash bought 3,845 shares of FMC stock in a transaction on Monday, November 27th. The stock was purchased at an average cost of $52.48 per share, with a total value of $201,785.60. Following the purchase, the director now directly owns 47,871 shares of the company’s stock, valued at approximately $2,512,270.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.85% of the company’s stock.

Institutional Trading of FMC

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of FMC during the 4th quarter worth about $215,051,000. Morgan Stanley lifted its stake in FMC by 80.7% in the fourth quarter. Morgan Stanley now owns 2,557,733 shares of the basic materials company’s stock valued at $319,205,000 after buying an additional 1,142,531 shares in the last quarter. Invesco Ltd. lifted its position in shares of FMC by 41.5% in the first quarter. Invesco Ltd. now owns 1,581,629 shares of the basic materials company’s stock worth $208,094,000 after purchasing an additional 463,542 shares in the last quarter. Eaton Vance Management increased its holdings in FMC by 34.7% during the first quarter. Eaton Vance Management now owns 1,236,301 shares of the basic materials company’s stock worth $162,660,000 after buying an additional 318,212 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of FMC in the fourth quarter valued at $34,118,000. 86.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FMC has been the subject of a number of recent research reports. UBS Group increased their target price on FMC from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. BMO Capital Markets downgraded FMC from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $80.00 to $63.00 in a research note on Thursday, December 14th. KeyCorp dropped their price target on FMC from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $61.00 price target on shares of FMC in a report on Friday, November 17th. Finally, Bank of America cut FMC from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $60.00 to $57.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, FMC currently has an average rating of “Hold” and a consensus target price of $80.38.

Read Our Latest Analysis on FMC

About FMC

(Get Free Report)

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.

Featured Stories

Earnings History for FMC (NYSE:FMC)

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.