Seaport Res Ptn Comments on FMC's FY2024 Earnings (NYSE:FMC)

FMC Co. (NYSE:FMC - Free Report) - Research analysts at Seaport Res Ptn lifted their FY2024 earnings per share estimates for FMC in a report issued on Wednesday, October 30th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will earn $3.35 per share for the year, up from their prior forecast of $3.30. The consensus estimate for FMC's current full-year earnings is $3.30 per share. Seaport Res Ptn also issued estimates for FMC's Q1 2025 earnings at $1.05 EPS, Q2 2025 earnings at $1.13 EPS and FY2026 earnings at $5.95 EPS.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.44 earnings per share.

Other equities research analysts have also recently issued research reports about the company. KeyCorp reduced their price objective on FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Mizuho boosted their price objective on FMC from $64.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. BMO Capital Markets upped their price target on FMC from $60.00 to $65.00 and gave the stock a "market perform" rating in a research note on Friday, August 2nd. Finally, Redburn Atlantic upgraded FMC from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $68.00.

FMC Stock Up 0.5 %

FMC traded up $0.30 on Monday, reaching $63.45. The company's stock had a trading volume of 1,100,764 shares, compared to its average volume of 1,694,358. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $68.72. The stock has a 50 day moving average of $63.21 and a two-hundred day moving average of $60.96. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 5.46, a P/E/G ratio of 1.66 and a beta of 0.85.

Institutional Trading of FMC

Several large investors have recently bought and sold shares of FMC. Chartwell Investment Partners LLC boosted its stake in shares of FMC by 0.9% during the third quarter. Chartwell Investment Partners LLC now owns 74,515 shares of the basic materials company's stock valued at $4,913,000 after acquiring an additional 649 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of FMC by 0.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 45,597 shares of the basic materials company's stock valued at $3,007,000 after acquiring an additional 423 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of FMC during the third quarter valued at $578,000. CWA Asset Management Group LLC acquired a new stake in shares of FMC during the third quarter valued at $920,000. Finally, Easterly Investment Partners LLC boosted its stake in shares of FMC by 21.3% during the third quarter. Easterly Investment Partners LLC now owns 265,209 shares of the basic materials company's stock valued at $17,488,000 after acquiring an additional 46,485 shares during 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.