FMC (NYSE:FMC - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.430-0.720 for the period, compared to the consensus earnings per share estimate of 0.680. The company issued revenue guidance of $1.0 billion-$1.2 billion, compared to the consensus revenue estimate of $1.1 billion. FMC also updated its FY 2024 guidance to 3.230-4.410 EPS.
FMC Stock Down 1.4 %
Shares of NYSE FMC traded down $0.87 during mid-day trading on Monday, reaching $60.98. 1,949,871 shares of the company traded hands, compared to its average volume of 1,929,871. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.52. The stock has a market cap of $7.61 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.88. The company's fifty day moving average is $60.27 and its two-hundred day moving average is $57.83. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $114.66.
FMC (NYSE:FMC - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.13). The company had revenue of $918.00 million for the quarter, compared to analyst estimates of $1.01 billion. FMC had a net margin of 29.45% and a return on equity of 12.98%. The business's revenue was down 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS. On average, analysts expect that FMC will post 3.88 earnings per share for the current year.
FMC Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 28th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, June 28th. FMC's dividend payout ratio (DPR) is currently 22.03%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. StockNews.com lowered FMC from a hold rating to a sell rating in a report on Thursday, April 18th. Mizuho decreased their price objective on FMC from $59.00 to $55.00 and set a neutral rating on the stock in a report on Tuesday, February 6th. BMO Capital Markets decreased their price objective on FMC from $63.00 to $61.00 and set a market perform rating on the stock in a report on Wednesday, February 7th. UBS Group raised FMC from a neutral rating to a buy rating and lifted their price objective for the stock from $61.00 to $84.00 in a report on Wednesday, March 20th. Finally, BNP Paribas lowered FMC from an outperform rating to a neutral rating and set a $56.00 price objective on the stock. in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $71.75.
Check Out Our Latest Stock Report on FMC
Insider Buying and Selling at FMC
In other FMC news, CFO Andrew D. Sandifer acquired 2,150 shares of the business's stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $59.22 per share, for a total transaction of $127,323.00. Following the transaction, the chief financial officer now owns 50,088 shares in the company, valued at approximately $2,966,211.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company's stock.
About FMC
(
Get Free Report)
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.
Read More
Before you consider FMC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FMC wasn't on the list.
While FMC currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
