FMC Corp (FMC) Expected to Post Quarterly Sales of $1.19 Billion

Wall Street analysts predict that FMC Corp (NYSE:FMC) will announce $1.19 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for FMC’s earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.25 billion. FMC posted sales of $656.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 81.2%. The company is expected to issue its next quarterly earnings results on Tuesday, August 7th.

According to Zacks, analysts expect that FMC will report full-year sales of $4.63 billion for the current financial year, with estimates ranging from $4.58 billion to $4.66 billion. For the next financial year, analysts forecast that the company will post sales of $4.92 billion per share, with estimates ranging from $4.80 billion to $5.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover FMC.

FMC (NYSE:FMC) last released its earnings results on Wednesday, May 2nd. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. FMC had a return on equity of 22.69% and a net margin of 26.54%. FMC’s quarterly revenue was up 103.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share.



A number of analysts recently issued reports on FMC shares. Credit Suisse Group lifted their target price on FMC from $100.00 to $107.00 and gave the company an “outperform” rating in a research report on Friday, May 4th. Seaport Global Securities raised FMC from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. Goldman Sachs Group raised FMC from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $98.70 to $98.00 in a research report on Monday, May 14th. Bank of America set a $100.00 price target on FMC and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, SunTrust Banks reissued a “buy” rating and set a $98.00 price target on shares of FMC in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $99.72.

Shares of NYSE:FMC traded up $1.01 during midday trading on Friday, reaching $89.90. The company had a trading volume of 55,842 shares, compared to its average volume of 1,164,570. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.23 and a current ratio of 1.61. The company has a market cap of $11.92 billion, a P/E ratio of 33.11, a P/E/G ratio of 1.01 and a beta of 1.63. FMC has a 1-year low of $71.43 and a 1-year high of $98.70.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 19th. Stockholders of record on Friday, June 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 0.73%. The ex-dividend date of this dividend is Thursday, June 28th. FMC’s dividend payout ratio is presently 24.35%.

In other news, CEO Pierre R. Brondeau sold 72,992 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $87.19, for a total transaction of $6,364,172.48. Following the completion of the sale, the chief executive officer now owns 407,487 shares in the company, valued at $35,528,791.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul W. Graves sold 3,615 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $88.46, for a total value of $319,782.90. Following the sale, the insider now owns 89,612 shares of the company’s stock, valued at approximately $7,927,077.52. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Synovus Financial Corp boosted its stake in shares of FMC by 21.3% in the fourth quarter. Synovus Financial Corp now owns 41,219 shares of the basic materials company’s stock valued at $3,903,000 after buying an additional 7,232 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of FMC by 15.6% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 9,919 shares of the basic materials company’s stock valued at $939,000 after buying an additional 1,335 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in shares of FMC by 83.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 353,808 shares of the basic materials company’s stock valued at $33,491,000 after buying an additional 160,780 shares during the period. Roundview Capital LLC bought a new stake in shares of FMC in the fourth quarter valued at approximately $204,000. Finally, William Blair Investment Management LLC boosted its stake in shares of FMC by 18.5% in the fourth quarter. William Blair Investment Management LLC now owns 61,532 shares of the basic materials company’s stock valued at $5,825,000 after buying an additional 9,616 shares during the period. Institutional investors own 86.52% of the company’s stock.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Earnings History and Estimates for FMC (NYSE:FMC)

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