FMC (NYSE:FMC) Issues Q4 2024 Earnings Guidance

FMC (NYSE:FMC - Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.470-1.830 for the period, compared to the consensus earnings per share estimate of 1.740. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. FMC also updated its FY 2024 guidance to 3.160-3.520 EPS.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays lifted their target price on shares of FMC from $62.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. KeyCorp cut their target price on FMC from $81.00 to $79.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Redburn Atlantic raised shares of FMC from a "hold" rating to a "strong-buy" rating in a report on Friday, July 19th. Wells Fargo & Company lowered their target price 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of FMC from $50.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, FMC currently has an average rating of "Hold" and an average target price of $67.00.

FMC Stock Down 2.2 %

NYSE:FMC traded down $1.38 on Tuesday, reaching $60.16. 1,308,357 shares of the stock traded hands, compared to its average volume of 1,693,203. FMC has a 12 month low of $49.49 and a 12 month high of $68.72. The company's fifty day simple moving average is $63.24 and its 200 day simple moving average is $60.74. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 1.59 and a beta of 0.85.

FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.55 by $0.08. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. The business's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. Equities analysts predict that FMC will post 3.31 EPS for the current fiscal year.

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.

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