FMC Co. (FMC) To Go Ex-Dividend on June 28th

FMC Co. (NYSE:FMC) declared a quarterly dividend on Tuesday, April 30th, RTT News reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.58 per share by the basic materials company on Thursday, July 18th. This represents a $2.32 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, June 28th.

FMC has increased its dividend by an average of 8.8% per year over the last three years. FMC has a payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FMC to earn $4.71 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 49.3%.

FMC Stock Down 1.1 %

Shares of FMC stock opened at $56.54 on Wednesday. The company has a market cap of $7.06 billion, a P/E ratio of 6.31, a PEG ratio of 1.18 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.46. FMC has a one year low of $49.49 and a one year high of $107.15. The firm has a fifty day moving average of $59.89 and a two-hundred day moving average of $59.28.

FMC (NYSE:FMC) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $1.01 billion. FMC had a net margin of 27.65% and a return on equity of 7.68%. The business’s revenue was down 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 EPS. On average, analysts forecast that FMC will post 3.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FMC. Royal Bank of Canada increased their price target on shares of FMC from $65.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Wolfe Research began coverage on shares of FMC in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Mizuho increased their price target on shares of FMC from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. KeyCorp increased their price objective on shares of FMC from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Finally, Loop Capital increased their price objective on shares of FMC from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.56.

FMC Company Profile

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.