FMC Corp (NYSE:FMC) – Equities researchers at SunTrust Banks issued their Q1 2018 EPS estimates for FMC in a report issued on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst J. Sheehan expects that the basic materials company will post earnings of $1.52 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $98.00 price objective on the stock. SunTrust Banks also issued estimates for FMC’s Q2 2018 earnings at $1.37 EPS, Q3 2018 earnings at $1.35 EPS and Q4 2018 earnings at $1.25 EPS.
FMC (NYSE:FMC) last posted its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.05. FMC had a net margin of 18.61% and a return on equity of 16.82%. The firm had revenue of $979.60 million during the quarter, compared to analysts’ expectations of $993.57 million. During the same period in the previous year, the business posted $0.88 EPS. The business’s revenue was up 42.3% compared to the same quarter last year.
FMC (NYSE:FMC) traded down $1.09 on Monday, hitting $82.69. 926,016 shares of the company traded hands, compared to its average volume of 1,508,420. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.20 and a current ratio of 1.65. FMC has a 1 year low of $59.26 and a 1 year high of $98.70. The firm has a market cap of $11,267.65, a PE ratio of 20.72, a P/E/G ratio of 1.37 and a beta of 1.60.
Several institutional investors have recently added to or reduced their stakes in FMC. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of FMC by 647.4% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock worth $144,522,000 after buying an additional 1,322,470 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of FMC by 225.8% in the fourth quarter. Victory Capital Management Inc. now owns 844,289 shares of the basic materials company’s stock valued at $79,920,000 after purchasing an additional 585,130 shares during the period. American Century Companies Inc. grew its holdings in shares of FMC by 50.5% in the fourth quarter. American Century Companies Inc. now owns 1,445,616 shares of the basic materials company’s stock valued at $136,842,000 after purchasing an additional 485,379 shares during the period. BlackRock Inc. grew its holdings in shares of FMC by 3.4% in the fourth quarter. BlackRock Inc. now owns 9,261,241 shares of the basic materials company’s stock valued at $876,668,000 after purchasing an additional 308,432 shares during the period. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in shares of FMC by 3,067.8% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 317,258 shares of the basic materials company’s stock valued at $30,031,000 after purchasing an additional 307,243 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.
In other news, insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total transaction of $903,018.18. Following the completion of the sale, the insider now owns 63,191 shares of the company’s stock, valued at $5,333,952.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Wednesday, March 28th. FMC’s payout ratio is 16.54%.
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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.
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