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. The company markets its products through its own sales organization and through alliance partners, independent distributors, and sales representatives. It operates in North America, Latin America, Europe, the Middle East, Africa, and Asia. FMC Corporation was founded in 1883 and is headquartered in Philadelphia, Pennsylvania.
FMC Stock Up 0.3 %
FMC Stock opened at $106.33 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.38. The business's 50-day simple moving average is $108.99 and its two-hundred day simple moving average is $118.29. The company has a market cap of $13.39 billion, a PE ratio of 19.55, a PEG ratio of 1.42 and a beta of 0.84. FMC has a fifty-two week low of $87.27 and a fifty-two week high of $140.99.
FMC (NYSE:FMC - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. FMC had a return on equity of 30.64% and a net margin of 12.80%. During the same quarter in the prior year, the firm posted $1.81 EPS. Equities analysts anticipate that FMC will post 7.47 EPS for the current year.
FMC Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be paid a $0.53 dividend. The ex-dividend date is Thursday, September 29th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.99%. FMC's payout ratio is 38.97%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on FMC shares. Mizuho cut their price target on FMC from $149.00 to $144.00 and set a "buy" rating for the company in a report on Thursday. 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. Redburn Partners cut FMC from a "buy" rating to a "neutral" rating in a report on Monday, June 13th. Wells Fargo & Company dropped their target price on FMC from $150.00 to $144.00 in a report on Wednesday, May 4th. Finally, Bank of America upgraded FMC from an "underperform" rating to a "buy" rating and set a $127.00 target price for the company in a report on Tuesday, June 21st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, FMC currently has an average rating of "Moderate Buy" and an average target price of $132.64.
Insider Transactions at FMC
In other news, insider Nicholas Pfeiffer sold 1,000 shares of the company's stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $119.78, for a total value of $119,780.00. Following the sale, the insider now owns 11,722 shares in the company, valued at $1,404,061.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.57% of the company's stock.