FMC Co. (NYSE:FMC) Plans Quarterly Dividend of $0.58

FMC Co. (NYSE:FMC) declared a quarterly dividend on Friday, July 19th, RTT News reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.58 per share by the basic materials company on Thursday, October 17th. This represents a $2.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Monday, September 30th.

FMC has increased its dividend payment by an average of 8.8% per year over the last three years. FMC has a dividend payout ratio of 49.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FMC to earn $4.71 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 49.3%.

FMC Trading Up 0.2 %

FMC stock opened at $66.08 on Friday. FMC has a one year low of $49.49 and a one year high of $68.72. The business’s fifty day moving average is $62.37 and its 200 day moving average is $60.75. The stock has a market capitalization of $8.25 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.85. 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 announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. FMC had a net margin of 33.97% and a return on equity of 7.52%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. On average, sell-side analysts predict that FMC will post 3.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FMC shares. KeyCorp lowered their price target on FMC from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. BMO Capital Markets raised their target price on FMC from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Friday, August 2nd. Wells Fargo & Company reduced their price target 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. Redburn Atlantic raised shares of FMC from a “hold” rating to a “strong-buy” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of FMC from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, FMC currently has a consensus rating of “Hold” and an average price target of $68.47.

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.