Seaport Res Ptn Has Pessimistic Outlook of FMC Q4 Earnings

FMC Co. (NYSE:FMC) – Research analysts at Seaport Res Ptn dropped their Q4 2024 earnings per share (EPS) estimates for shares of FMC in a research note issued to investors on Wednesday, October 30th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings per share of $1.66 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 has been the subject of a number of other research reports. Mizuho raised their price target on shares of FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Friday. BMO Capital Markets boosted their target price on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Barclays lifted their price objective on FMC from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upped their target price on shares of FMC from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.00.

FMC Trading Down 2.8 %

Shares of NYSE FMC opened at $63.15 on Friday. FMC has a 1-year low of $49.49 and a 1-year high of $68.72. The company has a 50-day moving average of $63.21 and a two-hundred day moving average of $60.88. The company has a market cap of $7.88 billion, a PE ratio of 5.43, a P/E/G ratio of 1.71 and a beta of 0.85. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65.

FMC (NYSE:FMC) last announced its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $1.07 billion during 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 firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share.

Hedge Funds Weigh In On FMC

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. lifted its holdings 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 in the last quarter. LRI Investments LLC acquired a new position in shares of FMC in the 1st quarter valued at approximately $41,000. UMB Bank n.a. increased its stake in FMC by 56.9% during the 2nd quarter. UMB Bank n.a. now owns 678 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 246 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in FMC during the 1st quarter worth approximately $45,000. Finally, EntryPoint Capital LLC lifted its stake in FMC by 1,282.3% in the first quarter. EntryPoint Capital LLC now owns 857 shares of the basic materials company’s stock valued at $55,000 after buying an additional 795 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

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.