FMC Corp. (FMC) Shares See Highest Trading Level at $60.34

As of close of business last night, FMC Corp.’s stock clocked out at $60.34, down -3.86% from its previous closing price of $62.76. In other words, the price has decreased by -$2.42 from its previous closing price. On the day, 1563581 shares were traded. FMC stock price reached its highest trading level at $62.77 during the session, while it also had its lowest trading level at $60.12.

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Ratios:

To gain a deeper understanding of FMC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.52. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.71.

On February 12, 2024, Loop Capital Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $68 to $55.

Exane BNP Paribas Downgraded its Outperform to Neutral on February 07, 2024, while the target price for the stock was maintained at $56.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Sandifer Andrew D bought 2,150 shares for $59.22 per share. The transaction valued at 127,323 led to the insider holds 50,088 shares of the business.

Pallash Robert C bought 3,845 shares of FMC for $201,786 on Nov 27 ’23. The Director now owns 47,871 shares after completing the transaction at $52.48 per share. On Sep 13 ’23, another insider, pereira ronaldo, who serves as the EVP, President, FMC Americas of the company, bought 2,000 shares for $75.59 each. As a result, the insider paid 151,180 and bolstered with 21,478 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FMC now has a Market Capitalization of 7.53B and an Enterprise Value of 11.33B. As of this moment, FMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.74, and their Forward P/E ratio for the next fiscal year is 12.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 2.53 whereas that against EBITDA is 15.70.

Stock Price History:

Over the past 52 weeks, FMC has reached a high of $125.20, while it has fallen to a 52-week low of $49.49. The 50-Day Moving Average of the stock is 58.32, while the 200-Day Moving Average is calculated to be 68.25.

Shares Statistics:

It appears that FMC traded 2.07M shares on average per day over the past three months and 1.7M shares per day over the past ten days. A total of 124.76M shares are outstanding, with a floating share count of 123.89M. Insiders hold about 0.70% of the company’s shares, while institutions hold 94.34% stake in the company. Shares short for FMC as of Mar 15, 2024 were 7.25M with a Short Ratio of 3.50, compared to 6.29M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.81% and a Short% of Float of 7.44%.

Dividends & Splits

With its trailing 12-month dividend rate of 2.32, FMC has a forward annual dividend rate of 2.32. Against a Trailing Annual Dividend Yield of 3.70%, it implies a Forward Annual Dividend Yield of 3.84%. The stock’s 5-year Average Dividend Yield is 2.03. The current Payout Ratio is 22.08% for FMC, which recently paid a dividend on Apr 18, 2024 with an ex-dividend date of Mar 27, 2024. Stock splits for the company last occurred on Mar 04, 2019 when the company split stock in a 1153:1000 ratio.

Earnings Estimates

As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.26, while EPS last year was $1.77. The consensus estimate for the next quarter is $0.68, with high estimates of $0.91 and low estimates of $0.45.

Analysts are recommending an EPS of between $4.25 and $3.45 for the fiscal current year, implying an average EPS of $3.82. EPS for the following year is $5.07, with 18 analysts recommending between $5.89 and $4.25.

Revenue Estimates

In the current quarter, 14 analysts expect revenue to total $1.01B. It ranges from a high estimate of $1.09B to a low estimate of $961.78M. As of the current estimate, FMC Corp.’s year-ago sales were $1.34B, an estimated decrease of -24.60% from the year-ago figure.

A total of 18 analysts have provided revenue estimates for FMC’s current fiscal year. The highest revenue estimate was $4.64B, while the lowest revenue estimate was $4.46B, resulting in an average revenue estimate of $4.55B. In the same quarter a year ago, actual revenue was $4.49B, up 1.40% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $4.88B in the next fiscal year. The high estimate is $5.16B and the low estimate is $4.69B. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.

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