FMC (FMC) Issues Q1 2019 Earnings Guidance

FMC (NYSE:FMC) updated its first quarter 2019 earnings guidance on Monday. The company provided EPS guidance of $1.58-1.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.79. The company issued revenue guidance of $1.18-1.21 billion, compared to the consensus revenue estimate of $1.22 billion.FMC also updated its FY 2019 guidance to $5.55-5.75 EPS.

Several brokerages recently weighed in on FMC. Zacks Investment Research downgraded FMC from a hold rating to a sell rating in a research note on Monday, February 4th. Credit Suisse Group restated a buy rating and set a $114.00 target price on shares of FMC in a research note on Friday, February 1st. Loop Capital set a $118.00 target price on FMC and gave the stock a buy rating in a research note on Wednesday, December 5th. ValuEngine upgraded FMC from a sell rating to a hold rating in a research note on Thursday, November 1st. Finally, Citigroup set a $96.00 price target on FMC and gave the company a buy rating in a research note on Sunday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. FMC has an average rating of Buy and an average price target of $102.17.

FMC stock traded up $0.21 during trading hours on Monday, hitting $84.76. 915,394 shares of the stock traded hands, compared to its average volume of 924,137. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 1.54. The company has a market cap of $11.39 billion, a PE ratio of 31.28, a PEG ratio of 1.01 and a beta of 1.49. FMC has a 1 year low of $69.36 and a 1 year high of $92.95.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 17th. Shareholders of record on Friday, December 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, December 27th. This is an increase from FMC’s previous quarterly dividend of $0.17. FMC’s payout ratio is presently 59.04%.

FMC announced that its board has authorized a stock buyback plan on Monday, December 3rd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

In other news, Director Eduardo E. Cordeiro purchased 3,500 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were acquired at an average price of $71.90 per share, for a total transaction of $251,650.00. Following the purchase, the director now owns 21,645 shares in the company, valued at $1,556,275.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

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FMC Company Profile

FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. The company operates in two segments, FMC Agricultural Solutions and FMC Lithium. The FMC Agricultural Solutions segment develops, manufactures, markets, and sells crop protection chemicals, including insecticides, herbicides, and fungicides that 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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Earnings History and Estimates for FMC (NYSE:FMC)

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