FMC (FMC) Scheduled to Post Quarterly Earnings on Tuesday

FMC (NYSE:FMC) will be posting its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect FMC to post earnings of $0.63 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

FMC (NYSE:FMC) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, analysts expect FMC to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FMC Stock Performance

NYSE FMC opened at $62.00 on Friday. The firm’s fifty day moving average price is $63.32 and its two-hundred day moving average price is $60.75. The stock has a market cap of $7.74 billion, a PE ratio of 5.60, a PEG ratio of 1.59 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $68.72.

Analyst Upgrades and Downgrades

FMC has been the topic of several research reports. KeyCorp reduced their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Barclays increased their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. BMO Capital Markets lifted their target price on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. Citigroup assumed coverage on FMC in a research note on Wednesday. They issued a “neutral” rating and a $67.00 price target for the company. Finally, JPMorgan Chase & Co. upped their target price on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.00.

FMC Company Profile

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 includes 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.