FMC Corporation (FMC) Releases FY17 Earnings Guidance

FMC Corporation (NYSE:FMC) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $2.30-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.44.

FMC has been the subject of several analyst reports. Susquehanna Bancshares Inc lifted their price objective on shares of FMC Corporation from $86.00 to $100.00 and gave the stock a positive rating in a research note on Tuesday. Instinet upgraded shares of FMC Corporation from a neutral rating to a buy rating and lifted their price objective for the stock from $78.00 to $97.00 in a research note on Wednesday. BidaskClub upgraded shares of FMC Corporation from a hold rating to a buy rating in a research note on Saturday, August 5th. Credit Suisse Group set a $93.00 price objective on shares of FMC Corporation and gave the stock a buy rating in a research note on Thursday, August 3rd. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reiterated a hold rating and issued a $85.00 price objective on shares of FMC Corporation in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $83.40.

FMC Corporation (NYSE:FMC) traded down 0.39% during trading on Friday, reaching $82.73. 774,942 shares of the company were exchanged. The firm’s 50-day moving average is $77.42 and its 200 day moving average is $70.11. FMC Corporation has a one year low of $44.40 and a one year high of $85.10. The company has a market capitalization of $11.10 billion, a P/E ratio of 245.49 and a beta of 1.62.

FMC Corporation (NYSE:FMC) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $656.80 million for the quarter, compared to the consensus estimate of $614.01 million. FMC Corporation had a net margin of 1.58% and a return on equity of 16.51%. FMC Corporation’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. On average, analysts anticipate that FMC Corporation will post $2.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 28th. FMC Corporation’s dividend payout ratio is currently 188.58%.

In related news, VP Andrea E. Utecht sold 14,434 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $74.62, for a total value of $1,077,065.08. Following the sale, the vice president now directly owns 131,899 shares of the company’s stock, valued at $9,842,303.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Douglas sold 12,697 shares of FMC Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the transaction, the insider now directly owns 73,690 shares in the company, valued at $5,587,175.80. The disclosure for this sale can be found here. Insiders sold 38,489 shares of company stock worth $2,900,120 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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About FMC Corporation

FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.

Earnings History and Estimates for FMC Corporation (NYSE:FMC)

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