News articles about FMC (NYSE:FMC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FMC earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.6812542792319 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- SQM vs. Albemarle vs. FMC Corp.: Which Had the Best Lithium Business Results in 2017? – Madison.com (host.madison.com)
- FMC Corp.’s Lithium Business and Outlook (finance.yahoo.com)
- Just How Good Were These Hedge Fund Managers’ Investment Ideas From The 2017 Sohn Conference (finance.yahoo.com)
- The Lithium Sector Surge Is Poised to Ignite a Deals Bonanza … – Bloomberg (bloomberg.com)
Several equities research analysts have weighed in on FMC shares. Seaport Global Securities raised shares of FMC from a “neutral” rating to a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research raised shares of FMC from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Monday, December 18th. Loop Capital set a $106.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Monday, December 11th. KeyCorp reissued a “buy” rating and set a $112.00 target price on shares of FMC in a research report on Monday, December 4th. Finally, Credit Suisse Group set a $111.00 target price on shares of FMC and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $98.37.
FMC (NYSE:FMC) last issued its quarterly earnings data on Monday, February 12th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. FMC had a net margin of 18.61% and a return on equity of 16.82%. The business had revenue of $979.60 million during the quarter, compared to the consensus estimate of $993.57 million. During the same period in the prior year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 42.3% compared to the same quarter last year. research analysts predict that FMC will post 5.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, March 28th. FMC’s payout ratio is 16.54%.
In other FMC news, insider Mark Douglas sold 10,698 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $84.41, for a total value of $903,018.18. Following the completion of the sale, the insider now directly owns 63,191 shares of the company’s stock, valued at approximately $5,333,952.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
FMC Company Profile
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. As of December 31, 2016, the FMC Agricultural Solutions segment developed, marketed and sold three classes of crop protection chemicals: insecticides, herbicides and fungicides.
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