FMC (FMC) to Release Earnings on Tuesday

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

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. FMC had a net margin of 33.97% and a return on equity of 7.52%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue for the quarter 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 FMC opened at $62.34 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. FMC has a 12 month low of $49.49 and a 12 month high of $68.72. The firm has a fifty day simple moving average of $63.27 and a 200 day simple moving average of $60.70. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 1.53 and a beta of 0.85.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. 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 target 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. Barclays increased their price objective on FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.64.

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.