Analysts Set Expectations for FMC’s Q4 Earnings (NYSE:FMC)

FMC Co. (NYSE:FMC) – Equities researchers at Seaport Res Ptn dropped their Q4 2024 earnings per share estimates for FMC in a report released on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings of $1.59 per share for the quarter, down from their previous estimate of $1.66. The consensus estimate for FMC’s current full-year earnings is $3.34 per share. Seaport Res Ptn also issued estimates for FMC’s Q1 2025 earnings at $0.90 EPS, Q2 2025 earnings at $1.00 EPS, Q3 2025 earnings at $0.95 EPS, Q4 2025 earnings at $1.72 EPS and FY2026 earnings at $5.43 EPS.

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

Several other analysts also recently issued reports on FMC. Barclays upgraded FMC from an “equal weight” rating to an “overweight” rating and set a $65.00 price objective on the stock in a report on Tuesday. KeyCorp cut their target price on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. UBS Group cut their target price on shares of FMC from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada raised their price objective on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup decreased their price target on shares of FMC from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FMC presently has a consensus rating of “Hold” and an average price target of $63.25.

FMC Stock Up 2.3 %

Shares of FMC stock opened at $55.70 on Thursday. FMC has a 1 year low of $47.71 and a 1 year high of $68.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. The business’s fifty day moving average is $53.73 and its 200-day moving average is $58.95. The stock has a market cap of $6.95 billion, a PE ratio of 4.79, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Millburn Ridgefield Corp increased its holdings in FMC by 186.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 498 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 324 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of FMC by 90.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 517 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 246 shares in the last quarter. Mather Group LLC. lifted its position in shares of FMC by 250.6% in the third quarter. Mather Group LLC. now owns 554 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 396 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in FMC during the third quarter worth $51,000. Finally, Brooklyn Investment Group acquired a new stake in FMC in the 3rd quarter valued at $52,000. 91.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other FMC news, VP Jacqueline Scanlan sold 4,529 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now directly owns 28,649 shares in the company, valued at approximately $1,709,485.83. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 annualized dividend and a yield of 4.17%. FMC’s dividend payout ratio is currently 19.97%.

About FMC

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.