FMC (FMC) to Release Quarterly Earnings on Tuesday

FMC (NYSE:FMC) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect FMC to post earnings of $0.63 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $0.50 EPS. FMC’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts expect FMC to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FMC Stock Performance

Shares of NYSE FMC opened at $62.00 on Monday. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 1.59 and a beta of 0.85. FMC has a 12 month low of $49.49 and a 12 month high of $68.72. The company has a 50 day simple moving average of $63.32 and a two-hundred day simple moving average of $60.74. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup initiated coverage on shares of FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. Barclays upped their target price on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. KeyCorp reduced their price target on FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lowered their price objective on FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.00.

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.