FMC Co. (FMC) To Go Ex-Dividend on September 30th

FMC Co. (NYSE:FMC) announced a quarterly dividend on Friday, July 19th, RTT News reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.58 per share by the basic materials company on Thursday, October 17th. This represents a $2.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Monday, September 30th.

FMC has increased its dividend payment by an average of 8.8% per year over the last three years. FMC has a payout ratio of 49.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FMC to earn $4.71 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 49.3%.

FMC Stock Up 0.2 %

NYSE FMC opened at $66.09 on Friday. FMC has a twelve month low of $49.49 and a twelve month high of $68.72. The stock has a market cap of $8.25 billion, a PE ratio of 7.38, a PEG ratio of 1.57 and a beta of 0.85. The firm has a 50-day simple moving average of $62.37 and a 200 day simple moving average of $60.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. On average, research analysts forecast that FMC will post 3.41 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FMC. Barclays lifted their target price on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. BMO Capital Markets increased their target price on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Friday, August 2nd. KeyCorp lowered their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Redburn Atlantic upgraded shares of FMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.47.

About FMC

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.