FMC Corporation (NYSE:FMC) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts rate FMC “Hold” overall: Of 14 firms, eight have hold ratings, three recommend selling, and three recommend buying. The average 12-month price target is $14.25.
• FMC reported mixed quarterly results: Adjusted EPS of $0.26 exceeded the $0.22 estimate, but revenue of $841.4 million missed expectations and fell 17.5% year over year. Analysts expect full-year EPS of $1.27.
• Shares opened at $12.99 and recently traded near the lower end of their 12-month range of $9.94 to $38.68. FMC also declared a quarterly dividend of $0.08, equivalent to a 2.5% annualized yield.

FMC Corporation (NYSE:FMC - Get Free Report) has been assigned an average recommendation of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.25.

Several analysts have recently weighed in on FMC shares. Barclays raised shares of FMC from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded FMC from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of FMC in a research report on Wednesday, August 26th. JPMorgan Chase & Co. lowered their target price on FMC from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Finally, BMO Capital Markets set a $14.00 price target on FMC in a research report on Friday, July 3rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in shares of FMC in the 2nd quarter worth approximately $8,498,000. AXQ Capital LP increased its holdings in FMC by 109.9% during the second quarter. AXQ Capital LP now owns 366,661 shares of the basic materials company's stock valued at $4,217,000 after buying an additional 191,945 shares during the period. Icon Wealth Advisors LLC raised its stake in FMC by 217.2% in the fourth quarter. Icon Wealth Advisors LLC now owns 63,647 shares of the basic materials company's stock worth $883,000 after buying an additional 43,582 shares in the last quarter. Entropy Technologies LP bought a new position in FMC in the first quarter worth approximately $1,401,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in FMC during the second quarter worth $1,175,000. Hedge funds and other institutional investors own 91.86% of the company's stock.

FMC Stock Up 0.1%

Shares of FMC opened at $12.99 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -0.59 and a beta of 0.41. FMC has a 12-month low of $9.94 and a 12-month high of $38.68. The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 2.38. The firm has a fifty day moving average price of $11.10 and a 200-day moving average price of $13.11.

FMC (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $841.40 million for the quarter, compared to the consensus estimate of $895.14 million. FMC had a negative net margin of 84.83% and a positive return on equity of 11.35%. The firm's revenue was down 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. Equities research analysts expect that FMC will post 1.27 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 2.5%. FMC's dividend payout ratio is -1.45%.

FMC Company Profile

FMC Corporation is a global agricultural sciences company specializing in the development, manufacture and marketing of crop protection products. Its portfolio includes herbicides, insecticides, fungicides and plant nutrition solutions designed to enhance crop yield, quality and sustainability. In addition to core crop protection, FMC delivers solutions for turf management and pest control in urban and industrial environments.

Founded in 1883 as the Bean Spray Pump Company and later known as Food Machinery Corporation, the business adopted the FMC name in 1948 and has since evolved through strategic acquisitions and divestitures.

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