FMC (NYSE:FMC) Announces Quarterly Earnings Results

FMC (NYSE:FMC) announced its quarterly earnings results on Tuesday. The basic materials company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20, Briefing.com reports. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share.

FMC Price Performance

Shares of NYSE FMC opened at $66.62 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $63.23 and its 200-day moving average price is $60.81. The firm has a market capitalization of $8.32 billion, a P/E ratio of 6.02, a P/E/G ratio of 1.59 and a beta of 0.85. FMC has a 1-year low of $49.49 and a 1-year high of $68.72.

Analyst Ratings Changes

Several equities research analysts recently commented on FMC shares. Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Wells Fargo & Company decreased their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their target price on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays upped their price target on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, KeyCorp cut their price objective on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, FMC currently has an average rating of “Hold” and a consensus target price of $67.00.

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.