FMC Co. (FMC) Expected to Announce Quarterly Sales of $1.14 Billion

Equities research analysts expect FMC Co. (NYSE:FMC) to announce sales of $1.14 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for FMC’s earnings, with the highest sales estimate coming in at $1.16 billion and the lowest estimate coming in at $1.12 billion. FMC posted sales of $596.00 million in the same quarter last year, which suggests a positive year over year growth rate of 91.3%. The company is expected to announce its next earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that FMC will report full year sales of $4.52 billion for the current financial year, with estimates ranging from $4.39 billion to $4.64 billion. For the next year, analysts expect that the company will post sales of $4.81 billion per share, with estimates ranging from $4.75 billion to $4.86 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for FMC.

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FMC (NYSE:FMC) last released its earnings results on Monday, February 12th. The basic materials company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.05. The company had revenue of $979.60 million during the quarter, compared to the consensus estimate of $993.57 million. FMC had a return on equity of 16.82% and a net margin of 18.61%. FMC’s quarterly revenue was up 42.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

FMC has been the subject of a number of recent research reports. Credit Suisse Group set a $111.00 target price on FMC and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Citigroup upgraded FMC from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Wednesday, February 14th. Zacks Investment Research downgraded FMC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. SunTrust Banks restated a “buy” rating and issued a $98.00 target price on shares of FMC in a research report on Thursday, February 15th. Finally, Seaport Global Securities upgraded FMC from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $97.42.

In other FMC news, insider Mark Douglas sold 10,698 shares of FMC stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $84.41, for a total value of $903,018.18. Following the transaction, the insider now directly owns 63,191 shares of the company’s stock, valued at approximately $5,333,952.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of FMC. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of FMC by 647.4% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,526,744 shares of the basic materials company’s stock valued at $144,522,000 after buying an additional 1,322,470 shares during the period. Victory Capital Management Inc. increased its stake in shares of FMC by 225.8% during the fourth quarter. Victory Capital Management Inc. now owns 844,289 shares of the basic materials company’s stock valued at $79,920,000 after buying an additional 585,130 shares during the period. American Century Companies Inc. increased its stake in shares of FMC by 50.5% during the fourth quarter. American Century Companies Inc. now owns 1,445,616 shares of the basic materials company’s stock valued at $136,842,000 after buying an additional 485,379 shares during the period. BlackRock Inc. increased its stake in shares of FMC by 3.4% during the fourth quarter. BlackRock Inc. now owns 9,261,241 shares of the basic materials company’s stock valued at $876,668,000 after buying an additional 308,432 shares during the period. Finally, Old Mutual Global Investors UK Ltd. increased its stake in shares of FMC by 3,067.8% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 317,258 shares of the basic materials company’s stock valued at $30,031,000 after buying an additional 307,243 shares during the period. 90.33% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:FMC traded up $0.09 during mid-day trading on Wednesday, reaching $82.40. The stock had a trading volume of 1,721,114 shares, compared to its average volume of 1,485,277. The company has a market capitalization of $11,056.75, a price-to-earnings ratio of 30.41, a PEG ratio of 1.28 and a beta of 1.63. FMC has a one year low of $69.93 and a one year high of $98.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.20.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 19th. Shareholders of record on Thursday, March 29th were paid a $0.165 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. FMC’s dividend payout ratio (DPR) is currently 24.35%.

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About FMC

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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