Somewhat Positive News Coverage Somewhat Unlikely to Affect FMC (FMC) Share Price

Media headlines about FMC (NYSE:FMC) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. FMC earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 47.003824417903 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of NYSE:FMC opened at $89.87 on Friday. The stock has a market capitalization of $12.10 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.63. FMC has a one year low of $71.43 and a one year high of $98.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.23.



FMC (NYSE:FMC) last posted its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. FMC had a net margin of 26.54% and a return on equity of 22.69%. The firm’s revenue for the quarter was up 103.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. sell-side analysts predict that FMC will post 6.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 19th. Investors of record on Friday, June 29th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.66 annualized dividend and a yield of 0.73%. FMC’s dividend payout ratio is currently 24.35%.

Several equities analysts have issued reports on the stock. BMO Capital Markets upgraded shares of FMC from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Thursday, April 12th. Stephens upgraded shares of FMC from an “equal weight” rating to an “overweight” rating and set a $100.00 price objective for the company in a research note on Friday, May 4th. Goldman Sachs Group upgraded shares of FMC from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $98.70 to $98.00 in a research note on Monday, May 14th. Credit Suisse Group set a $100.00 price objective on shares of FMC and gave the company a “buy” rating in a research note on Saturday, April 14th. Finally, Loop Capital upped their price objective on shares of FMC to $119.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $99.72.

In related news, insider Paul W. Graves sold 3,615 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $88.46, for a total transaction of $319,782.90. Following the completion of the transaction, the insider now directly owns 89,612 shares of the company’s stock, valued at $7,927,077.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pierre R. Brondeau sold 72,992 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 407,487 shares of the company’s stock, valued at $35,528,791.53. The disclosure for this sale can be found here. Corporate insiders own 1.20% 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.

Insider Buying and Selling by Quarter for FMC (NYSE:FMC)

Receive News & Ratings for FMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply