FMC Co. Declares Quarterly Dividend of $0.58 (NYSE:FMC)

FMC Co. (NYSE:FMC - Get Free Report) announced a quarterly dividend on Friday, December 13th,RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.58 per share by the basic materials company on Thursday, January 16th. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%.

FMC has increased its dividend payment by an average of 8.8% annually over the last three years. FMC has a payout ratio of 49.9% meaning its dividend is sufficiently covered by earnings. Analysts expect FMC to earn $4.68 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 49.6%.

FMC Stock Performance

Shares of FMC traded down $1.00 during mid-day trading on Friday, hitting $53.50. The company's stock had a trading volume of 2,057,751 shares, compared to its average volume of 1,648,530. The stock's 50-day moving average is $60.04 and its two-hundred day moving average is $60.25. The firm has a market capitalization of $6.68 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC has a one year low of $50.03 and a one year high of $68.72.

FMC (NYSE:FMC - Get Free Report) last issued its quarterly 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. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $0.44 EPS. The business's revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts anticipate that FMC will post 3.35 EPS for the current year.

Analyst Upgrades and Downgrades

FMC has been the topic of several research reports. Mizuho boosted their price target on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price objective on FMC from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Citigroup assumed coverage on FMC in a research report on Wednesday, October 23rd. They issued a "neutral" rating and a $67.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, FMC currently has a consensus rating of "Hold" and an average price target of $68.00.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the transaction, the vice president now directly owns 28,649 shares of the company's stock, valued at $1,709,485.83. The trade was a 13.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by insiders.

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.