FMC (FMC) Expected to Announce Earnings on Tuesday

FMC (NYSE:FMC) is expected to release its earnings data after the market closes on Tuesday, February 4th. Analysts expect FMC to post earnings of $1.65 per share and revenue of $1,327,647.04 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. FMC had a return on equity of 7.68% and a net margin of 34.93%. FMC’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, analysts expect FMC to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FMC Stock Up 0.6 %

FMC stock opened at $55.88 on Tuesday. FMC has a fifty-two week low of $47.71 and a fifty-two week high of $68.72. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. The stock’s fifty day moving average is $53.76 and its two-hundred day moving average is $59.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48.

FMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.32 dividend on an annualized basis and a yield of 4.15%. FMC’s payout ratio is 19.97%.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the sale, the vice president now owns 28,649 shares of the company’s stock, valued at $1,709,485.83. This represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $55.25, for a total value of $163,429.50. Following the completion of the sale, the executive vice president now owns 25,468 shares of the company’s stock, valued at approximately $1,407,107. This represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.85% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FMC has been the topic of several recent research reports. Barclays raised shares of FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price target on the stock in a report on Tuesday, January 21st. UBS Group reduced their target price on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. KeyCorp dropped their price target on FMC from $79.00 to $69.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Mizuho reduced their price objective on FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Bank of America upgraded FMC from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $63.00 to $61.00 in a research report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.25.

About FMC

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.