FMC (NYSE:FMC) Releases Q4 2024 Earnings Guidance

FMC (NYSE:FMC) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.470-1.830 for the period, compared to the consensus estimate of 1.740. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. FMC also updated its FY 2024 guidance to 3.160-3.520 EPS.

FMC Price Performance

Shares of NYSE:FMC traded up $6.44 during midday trading on Wednesday, hitting $66.62. The stock had a trading volume of 3,272,503 shares, compared to its average volume of 1,700,741. The company’s 50-day moving average price is $63.23 and its 200-day moving average price is $60.81. The company has a market capitalization of $8.32 billion, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.66. FMC has a fifty-two week low of $49.49 and a fifty-two week high of $68.72.

FMC (NYSE:FMC) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. As a group, equities research analysts predict that FMC will post 3.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of FMC from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. KeyCorp decreased their price target on shares of FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Citigroup assumed coverage on shares of FMC in a report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 price target on the stock. Finally, Wells Fargo & Company reduced their target price on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.00.

FMC Company Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.