In the latest trading session, 10.47 million FMC Corp (NYSE:FMC) shares changed hands as the company’s beta touched 0.89. With the company’s most recent per share price at $35.38 changed hands at -$18.66 or -34.53% at last look, the market valuation stands at $4.42B. FMC’s current price is a discount, trading about -94.23% off its 52-week high of $68.72. The share price had its 52-week low at $47.71, which suggests the last value was -34.85% down since then. When we look at FMC Corp’s average trading volume, we note the 10-day average is 1.36 million shares, with the 3-month average coming to 1.48 million.
Analysts gave the FMC Corp (FMC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 1 out of 26 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 8 recommended FMC as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. FMC Corp’s EPS for the current quarter is expected to be 0.3.
FMC Corp (NYSE:FMC) trade information
Instantly FMC was in red as seen in intraday trades today. With action -37.19%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -27.22%, with the 5-day performance at -37.19% in the red. However, in the 30-day time frame, FMC Corp (NYSE:FMC) is -27.10% down. Looking at the short shares, we see there were 6.49 million shares sold at short interest cover period of 3.79 days.
The consensus price target for the stock as assigned by Wall Street analysts is 57, meaning bulls need an upside of 37.93% from its recent market value. According to analyst projections, FMC’s forecast low is 47 with 67 as the target high. To hit the forecast high, the stock’s price needs a -89.37% plunge from its current level, while the stock would need to soar -32.84% for it to hit the projected low.
FMC Corp (FMC) estimates and forecasts
Data shows that the FMC Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -42.62% over the past 6 months, a 25.86% in annual growth rate that is considerably higher than the industry average of 6.10%. Year-over-year growth is forecast to reach -0.03% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 835.54M. 8 analysts are of the opinion that FMC Corp’s revenue for the current quarter will be 1.03B. The company’s revenue for the corresponding quarters a year ago was 918M and 1.04B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.98%. The estimates for the next quarter sales put growth at -0.42%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.66%. The 2025 estimates are for FMC Corp earnings to increase by 12.55%, but the outlook for the next 5-year period is at 14.58% per year.
FMC Dividends
FMC Corp is expected to release its next quarterly earnings report in March. The 6.56% annual yield figure for the share gives it an annual dividend of 2.32. It is important to note, however, that the 6.56% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.41 per year.
FMC Corp (NYSE:FMC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.01% of FMC Corp shares while 93.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.37%. There are 93.41% institutions holding the FMC Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.2047% of the shares, roughly 15.25 million FMC shares worth $877.59 million.
WELLINGTON MANAGEMENT GROUP LLP holds the second largest percentage of outstanding shares, with 11.7879% or 14.73 million shares worth $847.62 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Hartford Dividend & Growth Fund. With 3.95 shares estimated at $137.98 million under it, the former controlled 3.16% of total outstanding shares. On the other hand, Hartford Dividend & Growth Fund held about 2.97% of the shares, roughly 3.71 shares worth around $129.69 million.
