FMC (NYSE:FMC) Issues Q4 2026 Earnings Guidance

Key Points

• FMC guided for fourth-quarter 2026 EPS of $1.09-$1.33, above the $1.03 analyst consensus, with revenue expected at $1.1 billion-$1.2 billion.
• The company cut full-year 2026 adjusted EPS guidance to $1.19-$1.49, while third-quarter guidance was significantly below expectations, contributing to an 8.3% share-price decline.
• FMC reported sharp second-quarter declines in revenue, adjusted EPS and EBITDA, but said asset sales and licensing proceeds could generate about $1 billion for debt reduction; analysts’ average rating remains “Reduce,” with a $15.38 consensus price target.

FMC (NYSE:FMC - Get Free Report) issued an update on its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.090-1.330 for the period, compared to the consensus estimate of 1.030. The company issued revenue guidance of $1.1 billion-$1.2 billion. FMC also updated its FY 2026 guidance to 1.190-1.490 EPS.

FMC Trading Down 8.3%

Shares of NYSE FMC traded down $0.91 during midday trading on Wednesday, reaching $10.03. 7,664,036 shares of the stock were exchanged, compared to its average volume of 3,909,438. The stock has a market capitalization of $1.25 billion, a P/E ratio of -0.50 and a beta of 0.38. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 1.29. The company has a 50 day simple moving average of $11.73 and a 200 day simple moving average of $13.99. FMC has a twelve month low of $9.94 and a twelve month high of $42.77.

FMC (NYSE:FMC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. FMC had a positive return on equity of 10.53% and a negative net margin of 72.93%. As a group, equities analysts expect that FMC will post 1.63 earnings per share for the current year.

FMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.2%. FMC's dividend payout ratio is currently -1.60%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on FMC from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of FMC in a research report on Friday, May 29th. Zacks Research lowered shares of FMC from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 1st. The Goldman Sachs Group lifted their price target on shares of FMC from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, April 14th. Finally, UBS Group upped their price objective on shares of FMC from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $15.38.

More FMC News

Here are the key news stories impacting FMC this week:

• Positive Sentiment: FMC reported second-quarter adjusted EBITDA of $153 million, above the high end of its guidance range, while cash from operations increased to $363 million. The company also raised free-cash-flow guidance to $75 million-$225 million, including a $200 million upfront payment from its rimisoxafen licensing agreement. FMC Corporation second-quarter 2026 results
• Positive Sentiment: FMC said asset-related actions—including the India business sale, the rimisoxafen licensing deal, a Newark property sale-leaseback and a Tessenderlo Group equity investment—could generate approximately $1 billion for debt reduction, potentially strengthening its balance sheet.
• Positive Sentiment: Fourth-quarter adjusted EPS guidance of $1.09-$1.33 is above the analyst consensus estimate of $1.03, suggesting some anticipated improvement late in the year.
• Neutral Sentiment: FMC concluded the strategic review announced in February without announcing a broader strategic transaction. The company said it remains focused on operational execution and its existing portfolio.
• Negative Sentiment: Second-quarter revenue fell 17% year over year to $867 million, organic revenue declined 22%, adjusted EPS dropped 62% to $0.26, and the company posted a $187 million GAAP net loss. Adjusted EBITDA also decreased 26% from the prior-year period. FMC second-quarter revenue report
• Negative Sentiment: Full-year 2026 adjusted EPS guidance was cut to $1.19-$1.49 from expectations of $1.68, while revenue guidance of $3.5 billion-$3.7 billion is below the $3.7 billion consensus. Adjusted EBITDA guidance was reduced to $620 million-$680 million.
• Negative Sentiment: Third-quarter guidance was particularly weak: adjusted EPS of $0.05-$0.13 versus consensus of $0.65, and revenue of $840 million-$900 million versus expectations of $950.7 million. The substantial near-term earnings shortfall is the primary reason for the negative investor reaction.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FMC. Armistice Capital LLC acquired a new stake in shares of FMC in the 3rd quarter valued at $204,000. Entropy Technologies LP acquired a new position in shares of FMC during the third quarter worth $267,000. Focus Partners Wealth grew its stake in shares of FMC by 137.7% during the first quarter. Focus Partners Wealth now owns 21,427 shares of the basic materials company's stock worth $904,000 after purchasing an additional 12,414 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in FMC by 11.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,448 shares of the basic materials company's stock valued at $2,171,000 after buying an additional 5,091 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in FMC by 45.1% in the second quarter. State of Tennessee Department of Treasury now owns 57,504 shares of the basic materials company's stock valued at $2,401,000 after buying an additional 17,878 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company's stock.

About FMC

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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