FMC (NYSE:FMC) Releases Q4 2024 Earnings Guidance

FMC (NYSE:FMC) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.470-1.830 for the period, compared to the consensus earnings per share estimate of 1.740. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. FMC also updated its FY 2024 guidance to 3.160-3.520 EPS.

FMC Trading Down 2.5 %

FMC traded down $1.62 during trading on Friday, hitting $63.37. 474,926 shares of the stock were exchanged, compared to its average volume of 1,694,262. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 5.45, a P/E/G ratio of 1.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.07 and a current ratio of 1.48. FMC has a 1 year low of $49.49 and a 1 year high of $68.72. The firm has a 50 day simple moving average of $63.25 and a 200 day simple moving average of $60.84.

FMC (NYSE:FMC) last released its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts expect that FMC will post 3.3 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on FMC. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Wells Fargo & Company dropped their price target on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Royal Bank of Canada increased their target price on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Barclays increased their target price on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.00.

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.