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 2.5 %
Shares of NYSE:FMC opened at $112.27 on Monday. The firm's 50-day moving average price is $107.57 and its 200-day moving average price is $118.34. 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 stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.50 and a beta of 0.84. FMC has a 12-month low of $87.27 and a 12-month high of $140.99.
FMC (NYSE:FMC - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. FMC had a net margin of 12.80% and a return on equity of 30.64%. During the same period last year, the company posted $1.81 EPS. On average, equities research analysts anticipate that FMC will post 7.47 EPS for the current fiscal year.
FMC Announces Dividend
The company 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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 29th. FMC's dividend payout ratio (DPR) is currently 38.97%.
Wall Street Analyst Weigh In
Several research analysts have commented on FMC shares. Redburn Partners downgraded shares of FMC from a "buy" rating to a "neutral" rating in a report on Monday, June 13th. Credit Suisse Group dropped their price objective on shares of FMC from $109.00 to $105.00 and set an "underperform" rating for the company in a report on Wednesday, August 3rd. Mizuho dropped their price objective on shares of FMC from $149.00 to $144.00 and set a "buy" rating for the company in a report on Thursday, August 4th. StockNews.com raised shares of FMC from a "hold" rating to a "buy" rating in a report on Thursday. Finally, UBS Group dropped their price objective on shares of FMC from $149.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, FMC presently has a consensus rating of "Moderate Buy" and an average price target of $132.64.
Insider Buying and Selling
In related news, insider Nicholas Pfeiffer sold 1,000 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $119.78, for a total value of $119,780.00. Following the sale, the insider now directly owns 11,722 shares of the company's stock, valued at approximately $1,404,061.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is currently owned by corporate insiders.