The closing price of FMC Corp. (NYSE: FMC) was $57.31 for the day, up 1.63% from the previous closing price of $56.39. In other words, the price has increased by $+0.92 from its previous closing price. On the day, 2806882 shares were traded.
Ratios:
Our analysis of FMC’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 27 when Pallash Robert C bought 3,845 shares for $52.48 per share. The transaction valued at 201,786 led to the insider holds 47,871 shares of the business.
pereira ronaldo bought 2,000 shares of FMC for $151,180 on Sep 13. The EVP, President, FMC Americas now owns 21,478 shares after completing the transaction at $75.59 per share. On Sep 13, another insider, Pfeiffer Nicholas, who serves as the Corporate Controller of the company, bought 992 shares for $75.62 each. As a result, the insider paid 75,015 and bolstered with 13,056 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 7.15B and an Enterprise Value of 10.95B. As of this moment, FMC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.45, and their Forward P/E ratio for the next fiscal year is 11.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 2.44 whereas that against EBITDA is 15.18.
Stock Price History:
Over the past 52 weeks, FMC has reached a high of $129.81, while it has fallen to a 52-week low of $49.49. The 50-Day Moving Average of the stock is 57.19, while the 200-Day Moving Average is calculated to be 74.37.
Shares Statistics:
FMC traded an average of 1.96M shares per day over the past three months and 2.16M shares per day over the past ten days. A total of 124.76M shares are outstanding, with a floating share count of 123.91M. Insiders hold about 0.69% of the company’s shares, while institutions hold 94.52% stake in the company. Shares short for FMC as of Feb 15, 2024 were 6.29M with a Short Ratio of 3.21, compared to 5.88M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.04% and a Short% of Float of 5.72%.
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 4.11%, it implies a Forward Annual Dividend Yield of 4.05%. 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 firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of $0.33 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 $0.69, with high estimates of $0.99 and low estimates of $0.45.
Analysts are recommending an EPS of between $4.1 and $3.45 for the fiscal current year, implying an average EPS of $3.79. EPS for the following year is $5.02, with 18 analysts recommending between $5.89 and $4.25.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. 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 -24.90% 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 $4.47B, resulting in an average revenue estimate of $4.55B. In the same quarter a year ago, actual revenue was $4.49B, up 1.50% 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 $4.71B. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
