FMC (NYSE:FMC) Issues Q4 2024 Earnings Guidance

FMC (NYSE:FMC) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.470-1.830 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

Several research firms recently commented on FMC. KeyCorp reduced their price objective on shares of FMC from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Redburn Atlantic upgraded FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Citigroup began coverage on FMC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $67.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on FMC from $50.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company decreased their price objective on shares of FMC from $68.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, FMC has an average rating of “Hold” and an average price target of $67.00.

FMC Stock Performance

FMC stock traded down $1.63 during trading on Thursday, hitting $64.99. 1,552,411 shares of the company traded hands, compared to its average volume of 1,700,039. FMC has a 1 year low of $49.49 and a 1 year high of $68.72. The company has a market cap of $8.11 billion, a PE ratio of 5.87, a P/E/G ratio of 1.59 and a beta of 0.85. The stock’s 50-day simple moving average is $63.25 and its 200 day simple moving average is $60.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.48 and a quick ratio of 1.07.

FMC (NYSE:FMC) last posted its 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. FMC had a net margin of 33.97% and a return on equity of 7.52%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $0.44 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. On average, equities analysts expect that FMC will post 3.31 earnings per share for the current fiscal year.

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.