Seaport Res Ptn Weighs in on FMC’s Q4 Earnings (NYSE:FMC)

FMC Co. (NYSE:FMC) – Investment analysts at Seaport Res Ptn reduced their Q4 2024 EPS estimates for shares of FMC in a note issued to investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $1.59 per share for the quarter, down from their prior 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.

A number of other research analysts also recently commented on FMC. Mizuho dropped their price target on FMC from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada lifted their price objective on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group reduced their target price on FMC from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Bank of America raised FMC from an “underperform” rating to a “neutral” rating and lowered their price target for the stock from $63.00 to $61.00 in a report on Tuesday, January 14th. Finally, KeyCorp reduced their price objective on FMC from $79.00 to $69.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FMC has an average rating of “Hold” and a consensus price target of $63.25.

FMC Trading Up 2.3 %

Shares of NYSE:FMC opened at $55.70 on Thursday. The business’s 50 day simple moving average is $53.73 and its 200 day simple moving average is $58.95. The company has a market capitalization of $6.95 billion, a P/E ratio of 4.79, a P/E/G ratio of 1.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.09. FMC has a 1 year low of $47.71 and a 1 year high of $68.72.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. FMC’s quarterly revenue was up 8.5% on a year-over-year basis.

Institutional Investors Weigh In On FMC

Several institutional investors have recently made changes to their positions in FMC. Barnett & Company Inc. bought a new position in shares of FMC in the third quarter valued at approximately $2,265,000. Inspire Trust Co. N.A. increased its stake in FMC by 18.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock worth $3,970,000 after acquiring an additional 9,500 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of FMC by 20.9% in the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after acquiring an additional 39,230 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of FMC by 27.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,483 shares of the basic materials company’s stock valued at $2,867,000 after acquiring an additional 9,449 shares during the last quarter. Finally, First National Bank of Omaha grew its holdings in shares of FMC by 85.7% during the third quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock worth $2,238,000 after purchasing an additional 15,662 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling

In other news, VP Jacqueline Scanlan sold 4,529 shares of FMC stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $59.67, for a total value of $270,245.43. Following the completion of the transaction, the vice president now owns 28,649 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is currently owned by corporate insiders.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.58 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.32 annualized dividend and a dividend 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.