FMC (NYSE:FMC – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.470-1.830 for the period, compared to the consensus 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.
FMC Stock Up 10.7 %
FMC stock traded up $6.44 during mid-day trading on Wednesday, reaching $66.62. The company’s stock had a trading volume of 3,272,503 shares, compared to its average volume of 1,700,741. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 6.02, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. FMC has a 12 month low of $49.49 and a 12 month high of $68.72. The business’s 50 day simple moving average is $63.23 and its 200 day simple moving average is $60.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.48.
FMC (NYSE:FMC – Get Free Report) last released its earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. As a group, research analysts anticipate that FMC will post 3.31 earnings per share for the current year.
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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.
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