Brokerages expect that FMC Corporation (NYSE:FMC) will post sales of $690.00 million for the current quarter, according to Zacks. Four analysts have issued estimates for FMC Corporation’s earnings. The highest sales estimate is $699.00 million and the lowest is $685.00 million. FMC Corporation reported sales of $807.70 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.6%. The company is expected to announce its next earnings results after the market closes on Monday, November 6th.
On average, analysts expect that FMC Corporation will report full-year sales of $690.00 million for the current financial year, with estimates ranging from $2.65 billion to $2.72 billion. For the next year, analysts forecast that the business will report sales of $4.34 billion per share, with estimates ranging from $4.27 billion to $4.41 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow FMC Corporation.
FMC Corporation (NYSE:FMC) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $656.80 million during the quarter, compared to analyst estimates of $614.01 million. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. FMC Corporation’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS.
FMC has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $84.00 price target on shares of FMC Corporation in a research note on Thursday, July 6th. Zacks Investment Research upgraded FMC Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price target on shares of FMC Corporation in a research note on Wednesday, July 12th. Seaport Global Securities cut FMC Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $82.00 to $80.00 in a research note on Tuesday, July 18th. Finally, BidaskClub upgraded FMC Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. FMC Corporation has a consensus rating of “Buy” and an average target price of $88.24.
In other FMC Corporation news, VP Andrea E. Utecht sold 14,174 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $84.00, for a total value of $1,190,616.00. Following the completion of the sale, the vice president now owns 131,639 shares in the company, valued at $11,057,676. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. United Capital Financial Advisers LLC purchased a new stake in FMC Corporation in the first quarter worth about $202,000. HighTower Advisors LLC increased its position in FMC Corporation by 44.5% in the first quarter. HighTower Advisors LLC now owns 12,268 shares of the basic materials company’s stock worth $854,000 after buying an additional 3,778 shares in the last quarter. Hanseatic Management Services Inc. increased its position in FMC Corporation by 13.3% in the second quarter. Hanseatic Management Services Inc. now owns 14,350 shares of the basic materials company’s stock worth $1,048,000 after buying an additional 1,688 shares in the last quarter. Oakbrook Investments LLC increased its position in FMC Corporation by 27.9% in the third quarter. Oakbrook Investments LLC now owns 13,290 shares of the basic materials company’s stock worth $1,187,000 after buying an additional 2,900 shares in the last quarter. Finally, US Bancorp DE increased its position in FMC Corporation by 51.9% in the second quarter. US Bancorp DE now owns 17,182 shares of the basic materials company’s stock worth $1,254,000 after buying an additional 5,873 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.
FMC Corporation (NYSE:FMC) traded down 0.68% during midday trading on Wednesday, reaching $92.51. The company had a trading volume of 944,051 shares. The company has a 50-day moving average of $91.10 and a 200-day moving average of $80.78. FMC Corporation has a 12-month low of $45.91 and a 12-month high of $95.08. The stock has a market capitalization of $12.41 billion, a PE ratio of 274.51 and a beta of 1.61.
FMC Corporation Company Profile
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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