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

FMC Co. (NYSE:FMC) declared a quarterly dividend on Friday, December 13th,RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.58 per share by the basic materials company on Thursday, January 16th. This represents a $2.32 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Tuesday, December 31st.

FMC has increased its dividend by an average of 8.8% per year over the last three years. FMC has a payout ratio of 50.2% meaning its dividend is sufficiently covered by earnings. Analysts expect FMC to earn $4.68 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 49.6%.

FMC Stock Down 1.8 %

Shares of NYSE:FMC opened at $53.50 on Friday. The company’s fifty day moving average is $59.83 and its two-hundred day moving average is $60.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.09 and a current ratio of 1.48. FMC has a 1-year low of $50.03 and a 1-year high of $68.72. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 4.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80.

FMC (NYSE:FMC) last released its quarterly earnings data on Tuesday, October 29th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.20. FMC had a net margin of 34.93% and a return on equity of 7.68%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. FMC’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts anticipate that FMC will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FMC. Citigroup began coverage on FMC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $67.00 price target on the stock. Mizuho raised their target price on FMC from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada upped their price target on shares of FMC from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.00.

Insider Transactions at FMC

In other news, VP Jacqueline Scanlan sold 4,529 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $59.67, for a total value of $270,245.43. Following the sale, the vice president now owns 28,649 shares of the company’s stock, valued at approximately $1,709,485.83. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.85% of the company’s stock.

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.