Seaport Res Ptn Issues Pessimistic Forecast for FMC Earnings

FMC Co. (NYSE:FMC - Free Report) - Analysts at Seaport Res Ptn reduced their Q4 2024 EPS estimates for FMC in a research note issued to investors on Wednesday, October 30th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $1.66 for the quarter, down from their previous 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 (NYSE:FMC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. FMC had a return on equity of 7.68% and a net margin of 34.93%. The firm 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 earned $0.44 earnings per share. The company's revenue was up 8.5% on a year-over-year basis.

A number of other equities research analysts also recently commented on FMC. Mizuho boosted their target price on shares of FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday. Wells Fargo & Company cut their price target on FMC from $68.00 to $62.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 16th. Barclays increased their price objective on shares of FMC from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. Citigroup assumed coverage on shares of FMC in a research report on Wednesday, October 23rd. They set a "neutral" rating and a $67.00 target price for the company. Finally, BMO Capital Markets increased their price target on shares of FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $68.00.

FMC Stock Performance

Shares of NYSE FMC traded down $1.84 during trading on Friday, reaching $63.15. 1,088,662 shares of the company traded hands, compared to its average volume of 1,697,158. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The firm has a 50 day simple moving average of $63.21 and a 200-day simple moving average of $60.88. FMC has a 52-week low of $49.49 and a 52-week high of $68.72. The stock has a market capitalization of $7.88 billion, a PE ratio of 5.43, a P/E/G ratio of 1.71 and a beta of 0.85.

Institutional Trading of FMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMC. Vanguard Group Inc. grew its holdings in FMC by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 15,290,219 shares of the basic materials company's stock valued at $973,987,000 after buying an additional 768,432 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of FMC by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,061,828 shares of the basic materials company's stock worth $322,439,000 after acquiring an additional 1,316,133 shares during the last quarter. AQR Capital Management LLC grew its stake in FMC by 317.7% during the second quarter. AQR Capital Management LLC now owns 1,099,389 shares of the basic materials company's stock valued at $63,160,000 after acquiring an additional 836,179 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in FMC by 11.6% in the 1st quarter. Russell Investments Group Ltd. now owns 903,274 shares of the basic materials company's stock valued at $57,538,000 after acquiring an additional 93,892 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in FMC by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 858,129 shares of the basic materials company's stock worth $49,385,000 after purchasing an additional 17,381 shares in the last quarter. Institutional investors own 91.86% of the company's stock.

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.