FMC Corporation is represented by the ticker symbol FMC on the NYSE. In a research note distributed on January 11 by KeyCorp, investment analysts published their forecasts regarding the earnings per share that FMC shares are expected to generate during the fourth quarter of 2023. According to projections by A. Yefemov, an analyst working for KeyCorp, the earnings per share generated by the company that deals in basic materials will come in at $2.71 during the third quarter. The current rating that has been placed on the shares of KeyCorp is “Overweight,” and the price target has been established at $140.00 per share. The most recent consensus forecast calls for FMC’s annual earnings to come in at $7.38 per share, which would align with the company’s expectations. In addition, KeyCorp forecasts that FMC will generate earnings of $9.28 per share during the financial year 2024.
On Tuesday, November 1, FMC (NYSE: FMC) distributed the most recent quarterly earnings report that the company had available at the time of the report’s release. Earnings per share for the quarter were reported by the company that deals in basic materials at $1.23, which is $0.13 higher than the consensus estimate of $1.10 per share. The return on equity for FMC was calculated to be 29.34%, and the net margin for the company came in at 11.72%. The revenue for the quarter came in at $1.38 billion, which was substantially higher than the average prediction of $1.34 billion made by the market.
On Friday, a share of FMC stock was set at $129.38 when trading began. The current ratio to the quick ratio is 1.41; the current ratio to the quick ratio is 0.93; and the debt to equity ratio is 0.85%. The current price of FMC is $140.99, which is higher than the one-year high it reached of $98.24, which was reached earlier today. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-to-growth ratio of 1.51, and a beta value of 0.84. Market capitalization measures the total value of all outstanding shares of the company. On the fifty-day simple moving average, the stock price has now reached $126.85, while on the 200-day simple moving average, it has reached $115.78.
About the FMC, many reports have been compiled in the past. On Friday, November 4, the Royal Bank of Canada released a research report in which they increased their price target on FMC from $133.00 to $135.00 and gave the stock an “outperform” rating. The research note published by the Royal Bank of Canada can be viewed here. In a research report published on Tuesday, November 15, Loop Capital increased its price target for FMC from $132.00 to $149.00 and upgraded the company from a “hold” rating to a “buy” rating. Both of these changes were made. The price objective that Credit Suisse Group has established for FMC has increased from $105.00 to $112.00 as a result of a report that was made public on November 2.
Additionally, the company recommended that investors purchase the shares of stock despite assigning the stock a rating of “underperform.” Citigroup raised its price objective on FMC shares, moving it from $127.00 to $128.00, within a research report that was made public on Tuesday, October 4. Mizuho upgraded their rating on the company to “buy” and raised their target price on FMC shares from $145.00 to $146.00 in a research note published on Thursday. There has been one research analyst who suggested selling the stock, two research analysts who gave the stock a rating of “hold,” and eleven research analysts who gave the stock a rating of “buy.” According to the data from Bloomberg, the company is currently rated as having an average “Moderate buy” recommendation with a price target of $137.00.
Over the past few months, several hedge funds have been active buyers and sellers of FMC shares. Global Retirement Partners LLC made a 7.9% purchase of additional FMC stock during the third quarter, which brought the total percentage of the company’s holdings in FMC stock to 79.1%. Following the acquisition of 91 additional shares during the relevant period, Global Retirement Partners LLC now holds a total of 1,247 shares of stock in the basic materials company. The current market value of these shares of $148,000. The State of Michigan Retirement System bought an additional 0.3 percent of FMC stock during the third quarter, bringing the total amount of the company’s shares that it owned to 93.3 percent. The State of Michigan Retirement System currently owns 34,058 shares in the basic materials company. The current market value of these shares is $3,600,000. This comes from the most recent quarter, which saw the purchase of an additional 100 shares of stock in the company. During the third quarter, Securian Asset Management Inc. increased the proportion of FMC stock owned by one-hundredth of one percent. Securian Asset Management Inc. now has 10,134 shares of the stock of the basic materials business after purchasing an additional 100 shares during the most recent quarter. This gives the portfolio a value of $1,071,000 due to the stock’s contribution to the portfolio’s overall value. During the third quarter, Utah Retirement Systems achieved a 0.4% increase in the proportion of FMC stock it owned. After acquiring an additional 100 shares during the most recent quarter, Utah Retirement Systems now holds 22,612 shares of the basic materials company. Each of these shares has an estimated value on the market of $2,390,000. One point zero percent of Range Financial Group LLC’s total position in FMC increased during the third quarter thanks to the company’s investment. As a result of the acquisition of an additional 113 shares during the most recent fiscal quarter, Range Financial Group LLC now holds 11,260 shares in the company that specializes in primary materials. The total value of these shares is $1,190,000. To the extent of 88.28% of the company’s shares, hedge funds and other institutional investors are the owners of these shares.
On November 9, EVP Michael Finian Reilly sold 4,502 shares of FMC stock. The transaction took place. Another recent piece of news is as follows: The price of each share was determined to be $126.95, resulting in a total sale volume of $571,528.90 brought in by the transaction. Following the completion of the sale, the executive vice president will have a total of 18,354 company shares, each of which is approximately worth $2,330,040.30 at present. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. In other FMC-related news, it was announced that on November 9, Executive Vice President Michael Finian Reilly sold 4,502 of the company’s shares of stock. The price of each share was determined to be $126.95, resulting in a total sale volume of $571,528.90 brought in by the transaction. Following the completion of the sale, the executive vice president will have a total of 18,354 company shares, each of which is approximately worth $2,330,040.30 at present. On the Securities and Exchange Commission website, there is a document that can be viewed that provides an in-depth summary of the transaction in its entirety (SEC). An executive considered an insider, Nicholas Pfeiffer, sold 500 shares of the company’s stock on Friday, December 2. Pfeiffer was an active participant in the sale as well. The shares were sold on the open market for a total of $66,280.00, which works out to a price of $132.56 per share for each purchased one. Following the completion of the transaction, the company insider is now the owner of 11,222 shares of the company’s stock, which have a total value of approximately $1,487,588.32. Disclosures that are related to the sale might be found in this section of the website. The amount of company insiders currently hold is 0.7% of the total.