FMC (NYSE:FMC) Issues Earnings Results

FMC (NYSE:FMC) posted its earnings results on Wednesday. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08, Briefing.com reports. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year.

FMC Stock Down 3.3 %

NYSE FMC opened at $62.19 on Friday. The stock’s 50-day moving average price is $57.75 and its 200-day moving average price is $58.77. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. FMC has a 52 week low of $49.49 and a 52 week high of $94.07. The company has a market capitalization of $7.76 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 1.65 and a beta of 0.84.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Monday, September 30th. FMC’s dividend payout ratio is 25.89%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FMC shares. BMO Capital Markets boosted their price objective on FMC from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on FMC from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. KeyCorp lowered their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday. StockNews.com upgraded FMC from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.82.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which 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.