Wall Street analysts expect that FMC Co. (NYSE:FMC) will report sales of $1.23 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for FMC’s earnings. FMC reported sales of $1.16 billion during the same quarter last year, which indicates a positive year over year growth rate of 6%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, August 3rd.
According to Zacks, analysts expect that FMC will report full-year sales of $5.01 billion for the current fiscal year, with estimates ranging from $5.00 billion to $5.02 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.37 billion, with estimates ranging from $5.30 billion to $5.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover FMC.
FMC (NYSE:FMC) last posted its earnings results on Wednesday, May 5th. The basic materials company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. FMC had a net margin of 11.51% and a return on equity of 26.00%.
Shares of FMC traded up $0.51 during trading hours on Friday, reaching $105.77. 11,481 shares of the stock traded hands, compared to its average volume of 828,066. The company has a market capitalization of $13.63 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.31 and a beta of 0.99. FMC has a 52-week low of $98.16 and a 52-week high of $123.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.01 and a current ratio of 1.38. The company’s 50-day simple moving average is $113.20.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 21st. Shareholders of record on Thursday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, September 29th. FMC’s dividend payout ratio is presently 31.02%.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Company LLC acquired a new position in shares of FMC in the first quarter valued at approximately $30,000. Vantage Consulting Group Inc purchased a new stake in shares of FMC during the 4th quarter worth approximately $39,000. Tompkins Financial Corp purchased a new stake in shares of FMC during the 4th quarter worth approximately $48,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of FMC during the 1st quarter worth approximately $48,000. Finally, Laffer Tengler Investments purchased a new stake in shares of FMC during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 86.48% of the company’s stock.
FMC Corporation, an agricultural sciences company, provides crop protection, plant health, precision agriculture, and professional pest and turf management products. The company develop, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides that are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and disease, as well as in non-agricultural markets for pest control.
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