FMC Corp (FMC) Expected to Earn FY2021 Earnings of $7.30 Per Share
FMC Corp (NYSE:FMC) – Research analysts at Jefferies Group issued their FY2021 EPS estimates for shares of FMC in a report issued on Tuesday. Jefferies Group analyst L. Alexander expects that the basic materials company will post earnings per share of $7.30 for the year. Jefferies Group currently has a “Buy” rating and a $108.00 target price on the stock. Jefferies Group also issued estimates for FMC’s FY2022 earnings at $8.00 EPS.
FMC has been the topic of several other reports. Credit Suisse Group reissued an “outperform” rating and issued a $102.00 price objective (up from $93.00) on shares of FMC in a research report on Wednesday, November 8th. KeyCorp reissued a “buy” rating and issued a $112.00 price objective on shares of FMC in a research report on Monday, December 4th. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research report on Monday, December 18th. Piper Jaffray Companies reissued a “hold” rating and issued a $92.00 price objective on shares of FMC in a research report on Friday, November 10th. Finally, Nomura upped their price target on shares of FMC from $97.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $92.70.
Shares of FMC (FMC) traded up $0.63 on Wednesday, hitting $98.08. 1,120,000 shares of the stock traded hands, compared to its average volume of 964,287. The company has a market capitalization of $13,170.00, a price-to-earnings ratio of 67.18, a PEG ratio of 1.62 and a beta of 1.61. FMC has a 52 week low of $56.53 and a 52 week high of $98.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.19 and a quick ratio of 1.81.
FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, November 6th. The basic materials company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. The company had revenue of $646.20 million for the quarter, compared to analyst estimates of $686.21 million. FMC had a net margin of 0.78% and a return on equity of 16.77%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share.
Hedge funds have recently bought and sold shares of the company. Virginia Retirement Systems ET AL bought a new position in shares of FMC in the third quarter worth about $831,000. Nordea Investment Management AB lifted its holdings in shares of FMC by 99.7% in the third quarter. Nordea Investment Management AB now owns 8,042 shares of the basic materials company’s stock worth $718,000 after acquiring an additional 4,015 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of FMC by 692.7% in the second quarter. Schroder Investment Management Group now owns 32,500 shares of the basic materials company’s stock worth $2,384,000 after acquiring an additional 28,400 shares during the last quarter. Oakbrook Investments LLC lifted its holdings in shares of FMC 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 acquiring an additional 2,900 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of FMC by 134.4% in the third quarter. JPMorgan Chase & Co. now owns 288,014 shares of the basic materials company’s stock worth $25,334,000 after acquiring an additional 165,136 shares during the last quarter. 89.28% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Nicholas Pfeiffer sold 375 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $90.33, for a total value of $33,873.75. Following the completion of the transaction, the insider now owns 6,856 shares of the company’s stock, valued at $619,302.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.165 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. FMC’s payout ratio is 45.21%.
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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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