News headlines about FMC (NYSE:FMC) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FMC earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 48.205735409673 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
FMC has been the topic of a number of recent research reports. Credit Suisse Group increased their target price on FMC from $100.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Goldman Sachs Group upgraded FMC from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $98.70 to $98.00 in a research note on Monday, May 14th. Zacks Investment Research lowered FMC from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Bank of America set a $100.00 target price on FMC and gave the stock a “buy” rating in a research note on Friday, May 4th. Finally, Nomura increased their target price on FMC from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. FMC presently has an average rating of “Buy” and an average price target of $101.93.
Shares of NYSE:FMC opened at $87.76 on Friday. The company has a market cap of $12.15 billion, a P/E ratio of 32.38, a P/E/G ratio of 0.81 and a beta of 1.60. FMC has a 1 year low of $72.73 and a 1 year high of $98.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.24 and a current ratio of 1.63.
FMC (NYSE:FMC) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. FMC had a return on equity of 27.12% and a net margin of 23.96%. The firm’s quarterly revenue was up 92.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. analysts anticipate that FMC will post 6.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Friday, September 28th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 27th. FMC’s dividend payout ratio is presently 24.35%.
In other FMC news, insider Paul W. Graves sold 3,615 shares of the firm’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $88.46, for a total value of $319,782.90. Following the sale, the insider now owns 89,612 shares of the company’s stock, valued at approximately $7,927,077.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.