Brokers Set Expectations for FMC Co.’s FY2022 Earnings (NYSE:FMC)

FMC Co. (NYSE:FMCGet Rating) – Investment analysts at Zacks Research upped their FY2022 EPS estimates for FMC in a research report issued to clients and investors on Tuesday, September 20th. Zacks Research analyst A. Barman now anticipates that the basic materials company will earn $7.44 per share for the year, up from their previous estimate of $7.39. The consensus estimate for FMC’s current full-year earnings is $7.45 per share. Zacks Research also issued estimates for FMC’s Q3 2023 earnings at $1.77 EPS and FY2024 earnings at $9.17 EPS.

FMC (NYSE:FMCGet Rating) last issued its earnings results on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.35 billion. FMC had a net margin of 12.80% and a return on equity of 30.64%. During the same period last year, the business posted $1.81 EPS.

Other equities analysts also recently issued reports about the stock. upgraded shares of FMC from a “hold” rating to a “buy” rating in a report on Wednesday. Credit Suisse Group lowered their price target on shares of FMC from $109.00 to $105.00 and set an “underperform” rating on the stock in a report on Wednesday, August 3rd. UBS Group dropped their target price on FMC from $149.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Mizuho cut their price target on FMC from $149.00 to $144.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Finally, Bank of America raised shares of FMC from an “underperform” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Tuesday, June 21st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, FMC has a consensus rating of “Moderate Buy” and an average price target of $132.64.

FMC Stock Performance

Shares of NYSE FMC opened at $107.18 on Thursday. FMC has a 12 month low of $87.42 and a 12 month high of $140.99. The stock has a 50 day moving average of $108.92 and a 200-day moving average of $117.22. The company has a current ratio of 1.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $13.50 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.43 and a beta of 0.84.

Institutional Investors Weigh In On FMC

A number of hedge funds and other institutional investors have recently bought and sold shares of FMC. Private Trust Co. NA bought a new stake in shares of FMC during the second quarter worth about $28,000. Verition Fund Management LLC acquired a new stake in FMC during the 2nd quarter worth approximately $4,253,000. Legal & General Group Plc grew its holdings in FMC by 9.5% during the 2nd quarter. Legal & General Group Plc now owns 1,139,364 shares of the basic materials company’s stock worth $121,924,000 after acquiring an additional 98,960 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in FMC in the 2nd quarter valued at approximately $3,527,000. Finally, Centiva Capital LP raised its stake in shares of FMC by 332.4% during the second quarter. Centiva Capital LP now owns 10,140 shares of the basic materials company’s stock valued at $1,085,000 after acquiring an additional 7,795 shares during the last quarter. Institutional investors own 87.42% of the company’s stock.

FMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Thursday, September 29th. FMC’s dividend payout ratio is 38.97%.

FMC Company Profile

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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 include 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.

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Earnings History and Estimates for FMC (NYSE:FMC)

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