Seaport Global Securities Weighs in on FMC Corp’s Q1 2019 Earnings (FMC)

FMC Corp (NYSE:FMC) – Investment analysts at Seaport Global Securities lowered their Q1 2019 earnings per share estimates for shares of FMC in a research report issued to clients and investors on Monday, April 15th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings of $1.61 per share for the quarter, down from their prior forecast of $1.63. Seaport Global Securities also issued estimates for FMC’s Q1 2020 earnings at $1.95 EPS and Q2 2020 earnings at $1.90 EPS.

FMC (NYSE:FMC) last posted its earnings results on Monday, February 11th. The basic materials company reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.05. FMC had a return on equity of 27.73% and a net margin of 10.62%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $1.10 EPS.

Other equities research analysts have also issued reports about the company. ValuEngine upgraded FMC from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Stephens set a $95.00 target price on FMC and gave the stock a “buy” rating in a report on Thursday, February 28th. KeyCorp reduced their target price on FMC from $112.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 14th. Citigroup set a $94.00 target price on FMC and gave the stock a “buy” rating in a report on Thursday, February 14th. Finally, Nomura lifted their price target on FMC from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, February 13th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. FMC has an average rating of “Buy” and an average target price of $98.00.

FMC opened at $80.76 on Tuesday. FMC has a twelve month low of $69.36 and a twelve month high of $92.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.35 and a quick ratio of 0.98. The company has a market capitalization of $10.47 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.31 and a beta of 1.48.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, March 28th. FMC’s dividend payout ratio is currently 25.44%.

In other FMC news, VP Andrea E. Utecht sold 30,464 shares of FMC stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $84.39, for a total value of $2,570,856.96. Following the transaction, the vice president now directly owns 104,231 shares of the company’s stock, valued at approximately $8,796,054.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Pierre R. Brondeau sold 94,424 shares of FMC stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $84.34, for a total value of $7,963,720.16. Following the completion of the transaction, the chief executive officer now directly owns 312,861 shares in the company, valued at $26,386,696.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,880 shares of company stock worth $11,144,839. Company insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Boston Partners increased its position in shares of FMC by 40.9% during the fourth quarter. Boston Partners now owns 5,769,261 shares of the basic materials company’s stock valued at $426,695,000 after purchasing an additional 1,673,988 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of FMC during the fourth quarter valued at approximately $89,432,000. Millennium Management LLC increased its position in shares of FMC by 548.6% during the fourth quarter. Millennium Management LLC now owns 866,479 shares of the basic materials company’s stock valued at $64,085,000 after purchasing an additional 1,059,618 shares during the period. Norges Bank bought a new stake in shares of FMC during the fourth quarter valued at approximately $64,447,000. Finally, Locust Wood Capital Advisers LLC bought a new stake in shares of FMC during the fourth quarter valued at approximately $25,056,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

About FMC

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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.

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Earnings History and Estimates for FMC (NYSE:FMC)

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