FMC (NYSE:FMC – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.16-3.52 for the period, compared to the consensus earnings per share estimate of $3.26. The company issued revenue guidance of $4.33-4.44 billion, compared to the consensus revenue estimate of $4.36 billion.
FMC Trading Down 2.2 %
Shares of FMC traded down $1.38 during midday trading on Tuesday, reaching $60.16. The company had a trading volume of 1,308,357 shares, compared to its average volume of 1,693,203. FMC has a 1-year low of $49.49 and a 1-year high of $68.72. The stock has a market cap of $7.51 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. The firm has a 50 day simple moving average of $63.24 and a 200-day simple moving average of $60.74. 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 (NYSE:FMC – Get Free Report) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. FMC had a return on equity of 7.52% and a net margin of 33.97%. FMC’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. Research analysts forecast that FMC will post 3.31 EPS for the current fiscal year.
Analysts Set New Price Targets
About FMC
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.
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