FMC (NYSE:FMC) Releases Q4 2024 Earnings Guidance

FMC (NYSE:FMCGet 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:FMCGet 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FMC shares. Wells Fargo & Company decreased their price objective on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 19th. Citigroup started coverage on shares of FMC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price objective for the company. KeyCorp decreased their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, BMO Capital Markets raised their target price on shares of FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, August 2nd. One research 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. According to MarketBeat, FMC has a consensus rating of “Hold” and a consensus target price of $67.00.

Read Our Latest Research Report on FMC

About FMC

(Get Free Report)

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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Earnings History and Estimates for FMC (NYSE:FMC)

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