The price of FMC Corp. (NYSE: FMC) closed at $64.11 in the last session, up 3.96% from day before closing price of $61.67. In other words, the price has increased by $+2.44 from its previous closing price. On the day, 2751736 shares were traded. FMC stock price reached its highest trading level at $64.85 during the session, while it also had its lowest trading level at $63.02.
Ratios:
We take a closer look at FMC’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 8.00B and an Enterprise Value of 11.80B. As of this moment, FMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.10, and their Forward P/E ratio for the next fiscal year is 12.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 2.63 whereas that against EBITDA is 16.36.
Stock Price History:
The Beta on a monthly basis for FMC is 0.87, which has changed by -45.19% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. 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 57.45, while the 200-Day Moving Average is calculated to be 71.58.
Shares Statistics:
According to the various share statistics, FMC traded on average about 2.05M shares per day over the past 3-months and 2.52M shares per day over the past 10 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 94.50% stake in the company. Shares short for FMC as of Feb 29, 2024 were 6.15M with a Short Ratio of 3.00, compared to 6.52M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.93% and a Short% of Float of 5.59%.
Dividends & Splits
The forward annual dividend rate for FMC is 2.32, which was 2.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.76%, it implies a Forward Annual Dividend Yield of 3.62%. The stock’s 5-year Average Dividend Yield is 1.99. 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
The company has 16 analysts who recommend its stock at the moment. 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 $0.7, with high estimates of $0.99 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 $5.02, with 18 analysts recommending between $5.89 and $4.25.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $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 17 analysts have provided revenue estimates for FMC’s current fiscal year. The highest revenue estimate was $4.64B, while the lowest revenue estimate was $4.47B, resulting in an average revenue estimate of $4.56B. In the same quarter a year ago, actual revenue was $4.49B, up 1.60% from the average estimate. Based on 17 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 $4.71B. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
