Key Points
- FMC VP Jacqueline Scanlan sold 4,930 shares for about $32,300, reducing her position by 7.76%; the transaction was made under a pre-arranged Rule 10b5-1 plan.
- FMC reported a sharp quarterly downturn: revenue fell 80.5% year over year to $105.9 million, and adjusted earnings per share of negative $4.41 missed analysts’ $0.08 estimate.
- Analyst sentiment is cautious, with a consensus “Reduce” rating and a $10.71 target price; several firms recently cut their price targets.
FMC Corporation (NYSE:FMC - Get Free Report) VP Jacqueline Scanlan sold 4,930 shares of the company's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $6.55, for a total transaction of $32,291.50. Following the sale, the vice president directly owned 58,628 shares in the company, valued at $384,013.40. This trade represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
FMC Stock Performance
Shares of FMC stock opened at $6.05 on Friday. The business has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $12.28. FMC Corporation has a 1-year low of $4.37 and a 1-year high of $18.29. The company has a current ratio of 1.66, a quick ratio of 1.18 and a debt-to-equity ratio of 416.31. The company has a market cap of $941.90 million, a P/E ratio of -0.18 and a beta of 0.50.
FMC (NYSE:FMC - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The basic materials company reported ($4.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($4.49). The business had revenue of $105.90 million during the quarter, compared to analyst estimates of $487.63 million. FMC had a negative net margin of 151.18% and a negative return on equity of 30.77%. The firm's revenue for the quarter was down 80.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. As a group, analysts anticipate that FMC Corporation will post -3.71 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lowered their target price on FMC from $9.00 to $7.00 and set a "sector perform" rating for the company in a report on Monday. Weiss Ratings downgraded shares of FMC from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday. Citigroup raised their price objective on shares of FMC from $6.00 to $7.00 and gave the stock a "neutral" rating in a research report on Tuesday. Mizuho set a $10.00 price objective on shares of FMC in a research note on Thursday, October 15th. Finally, Morgan Stanley dropped their target price on shares of FMC from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $10.71.
Read Our Latest Research Report on FMC
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. boosted its holdings in FMC by 1,292.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,411 shares of the basic materials company's stock worth $30,000 after acquiring an additional 3,166 shares in the last quarter. IFP Advisors Inc grew its stake in FMC by 99.0% in the second quarter. IFP Advisors Inc now owns 2,726 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 1,356 shares during the period. Root Financial Partners LLC grew its stake in FMC by 3,642.9% in the first quarter. Root Financial Partners LLC now owns 1,834 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 1,785 shares during the period. Essential Partners LLC acquired a new stake in FMC in the first quarter valued at approximately $43,000. Finally, Nykredit A S bought a new stake in shares of FMC during the second quarter valued at approximately $55,000. 91.86% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting FMC
Here are the key news stories impacting FMC this week:
FMC Company Profile
(
Get Free Report)
FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.
The company's products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.
FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.
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