Somewhat Favorable Media Coverage Somewhat Unlikely to Affect FMC Corporation (FMC) Share Price
News articles about FMC Corporation (NYSE:FMC) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FMC Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 46.4311894756738 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- FMC names Zack Zaki Global Specialty Solutions business director (golfcourseindustry.com)
- FMC Corporation (FMC) Stake Increased by Fairpointe Capital LLC (highlightpress.com)
- Fairpointe Capital LLC Buys A Little More FMC Corporation (FMC) Stock – Modern Readers (modernreaders.com)
- Global Piston Pump Market– Top 10 Strategies Discovered| Bosch Rexroth Corporation, Kawasaki Heavy Industries, Comet, FMC Technologies (mynewsdesk.com)
- Market Scope: Tracking Shares of FMC Corporation (NYSE:FMC) – Jonesboro Recorder (jonesbororecorder.com)
FMC Corporation (NYSE:FMC) opened at 84.56 on Wednesday. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 250.92 and a beta of 1.62. FMC Corporation has a 12-month low of $44.40 and a 12-month high of $85.10. The company’s 50 day moving average price is $77.95 and its 200-day moving average price is $70.55.
FMC Corporation (NYSE:FMC) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $656.80 million for the quarter, compared to analysts’ expectations of $614.01 million. FMC Corporation had a return on equity of 16.51% and a net margin of 1.58%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. On average, equities analysts anticipate that FMC Corporation will post $2.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. FMC Corporation’s payout ratio is 188.58%.
FMC has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of FMC Corporation in a research report on Wednesday, May 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 price target on shares of FMC Corporation in a research report on Monday, June 5th. BMO Capital Markets boosted their price target on FMC Corporation from $75.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Credit Suisse Group AG set a $85.00 price target on FMC Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $85.00 price target on shares of FMC Corporation in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. FMC Corporation has an average rating of “Buy” and a consensus target price of $83.40.
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In other news, insider Mark Douglas sold 12,697 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $75.82, for a total transaction of $962,686.54. Following the transaction, the insider now directly owns 73,690 shares of the company’s stock, valued at approximately $5,587,175.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.
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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