Seaport Res Ptn Has Pessimistic Outlook of FMC Q4 Earnings

FMC Co. (NYSE:FMC) – Investment analysts at Seaport Res Ptn reduced their Q4 2024 EPS estimates for shares of FMC in a research report issued to clients and investors on Wednesday, October 30th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings of $1.66 per share for the quarter, down from their prior forecast of $1.80. The consensus estimate for FMC’s current full-year earnings is $3.30 per share. Seaport Res Ptn also issued estimates for FMC’s Q3 2025 earnings at $1.09 EPS, Q4 2025 earnings at $1.87 EPS and FY2025 earnings at $5.15 EPS.

FMC (NYSE:FMC) last issued its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year.

Several other analysts also recently weighed in on the stock. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Barclays lifted their price objective on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Citigroup started coverage on shares of FMC in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $68.00.

FMC Stock Down 2.8 %

Shares of FMC stock opened at $63.15 on Friday. The company has a market cap of $7.88 billion, a P/E ratio of 5.43, a PEG ratio of 1.71 and a beta of 0.85. FMC has a 52-week low of $49.49 and a 52-week high of $68.72. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average price is $63.21 and its 200-day moving average price is $60.88.

Hedge Funds Weigh In On FMC

Large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. raised its position in FMC by 250.6% during the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 396 shares during the period. LRI Investments LLC acquired a new position in FMC during the first quarter worth $41,000. UMB Bank n.a. raised its position in FMC by 56.9% during the second quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 246 shares during the period. Sentry Investment Management LLC acquired a new position in FMC during the first quarter worth $45,000. Finally, EntryPoint Capital LLC raised its position in FMC by 1,282.3% during the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 795 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

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.