BMO Capital Markets downgraded FMC Corp from Outperform to Market Perform and set a new price target of $63.00 from $80.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2024 | $67.00 | Neutral | Citigroup |
| 6/26/2024 | $62.00 | Equal Weight | Barclays |
| 3/1/2024 | Peer Perform | Wolfe Research | |
| 2/12/2024 | $68.00 → $55.00 | Buy → Hold | Loop Capital |
| 2/7/2024 | $56.00 | Outperform → Neutral | Exane BNP Paribas |
| 1/16/2024 | $60.00 → $57.00 | Neutral → Underperform | BofA Securities |
| 1/4/2024 | $74.00 | Buy | ROTH MKM |
| 12/14/2023 | $80.00 → $63.00 | Outperform → Market Perform | BMO Capital Markets |
SC 13G/A - FMC CORP (0000037785) (Subject)
SC 13G/A - FMC CORP (0000037785) (Subject)
SC 13G/A - FMC CORP (0000037785) (Subject)
Citigroup initiated coverage of FMC Corp with a rating of Neutral and set a new price target of $67.00
Barclays initiated coverage of FMC Corp with a rating of Equal Weight and set a new price target of $62.00
Wolfe Research initiated coverage of FMC Corp with a rating of Peer Perform
10-Q - FMC CORP (0000037785) (Filer)
8-K - FMC CORP (0000037785) (Filer)
10-Q - FMC CORP (0000037785) (Filer)
4 - FMC CORP (0000037785) (Issuer)
4 - FMC CORP (0000037785) (Issuer)
4 - FMC CORP (0000037785) (Issuer)
4 - FMC CORP (0000037785) (Issuer)
4 - FMC CORP (0000037785) (Issuer)
Volume growth and higher cost savings led to earnings above the high end of guidance range Third Quarter 2024 Highlights Revenue of $1.07 billion, an increase of 9 percent versus Q3 2023 and up 12 percent organically1Consolidated GAAP net income of $66 million, up $70 million from a net loss of $4 million in Q3 2023Adjusted EBITDA of $201 million, up 15 percent versus Q3 2023Consolidated GAAP net income of $0.52 per diluted share, up $0.55 from a net loss of $0.03 per diluted share in Q3 2023Adjusted earnings per diluted share of $0.69, up 57 percent versus Q3 2023GAAP Cash from operations of $160 million with free cash flow of $132 millionFull-Year Outlook2 Revenue outlook of $4.33 billion
Volume growth and restructuring savings drive year-over-year earnings improvement Second Quarter 2024 Highlights Revenue of $1.04 billion, up 2 percent versus Q2 2023 and up 4 percent organically1Consolidated GAAP net income of $295 millionAdjusted EBITDA of $202 million, up 8 percent versus Q2 2023Consolidated GAAP income of $2.35 per diluted shareAdjusted earnings per diluted share of $0.63, up 26 percent versus Q2 2023GAAP cash from operations of $292 million, an increase of $161 million versus Q2 2023Free cash flow of $280 million, an improvement of $187 million versus Q2 2023Full-Year Outlook2 Updates revenue outlook to range of $4.30 billion to $4.50 billion, reflecting a 2 percent de
FMC president and CEO Mark Douglas steps down from his position. Executive vice president Ronaldo Pereira has been elected FMC president. Company reaffirms second quarter 2024 revenue and earnings guidance ranges. PHILADELPHIA, June 11, 2024 /PRNewswire/ -- FMC Corporation (NYSE:FMC) today announced that its Board of Directors has appointed Pierre Brondeau to be chief executive officer in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down from FMC following more than 14 years with the company. In addition, the Board of Directors has appointed Ronaldo Pereira as president of FMC Corporation. Brondeau and Pereira assume their new
Ratings for FMC (NYSE:FMC) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 3 0 0 Analysts have recently evaluated FMC and provided 12-month price targets. The average target is $65.86, accompanied by a high estimate of $81.00 and a low estimate of $50.00. This upward trend is evident, with the curren
Wells Fargo analyst Richard Garchitorena maintains FMC (NYSE:FMC) with a Equal-Weight and lowers the price target from $68 to $62.
FMC Corporation (NYSE:FMC) shares are trading higher today. The company finalized an agreement to sell its Global Specialty Solutions (GSS) business to Environmental Science US, known as Envu, for $350 million, subject to closing working capital adjustment. FMC plans to use the proceeds from the sale to reduce debt. The transaction is expected to close by the end of 2024, pending regulatory approval and other customary conditions. Also Read: Agricultural Science Company FMC’s ‘Project Focus’ Aims To Harvest ~$150M Savings In Global Restructuring & More. Marco Strizzi, Senior Principal at Cinven, said, “We are delighted to bring together two highly respected, complementary businesses
PHILADELPHIA, Sept. 19, 2024 /PRNewswire/ -- FMC Corporation (NYSE:FMC) announced today it will release its third quarter 2024 earnings on Tuesday, October 29, 2024, after the stock market close via PR Newswire and the company's website https://investors.fmc.com. The company will host a webcast conference call on Wednesday, October 30, 2024 at 9:00 a.m. ET that is open to the public via internet broadcast and telephone. Conference Call Details: Internet broadcast: https://investors.fmc.com United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Global Dial-In Numbers: https://www.netroadshow.com/events/global-numbers?confId=48643 Access Code: 480646 Pre-Registration
PHILADELPHIA, July 19, 2024 /PRNewswire/ -- FMC Corporation (NYSE:FMC) announced today that its board of directors declared a regular quarterly dividend of 58 cents per share, payable on October 17, 2024, to shareholders of record as of the close of business on September 30, 2024. About FMC FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address t
PHILADELPHIA, June 19, 2024 /PRNewswire/ -- FMC Corporation (NYSE:FMC) announced today it will release its second quarter 2024 earnings on Wednesday, July 31, 2024, after the stock market close via PR Newswire and the company's website https://investors.fmc.com. The company will host a webcast conference call on Thursday, August 1, 2024 at 9:00 a.m. ET that is open to the public via internet broadcast and telephone. Conference Call Details: Internet broadcast: https://investors.fmc.com United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Global Dial-In Numbers: https://www.netroadshow.com/events/global-numbers?confId=48643 Access Code: 271734 Pre-Registration Link
PHILADELPHIA, Nov. 1, 2024 /PRNewswire/ -- FMC Corporation (NYSE:FMC) and Environmental Science U.S. LLC, known as Envu, today announced the successful completion of the sale of FMC's Global Specialty Solutions (GSS) business to Envu. The companies announced the signing of a definitive acquisition agreement on July 11, 2024, and have now satisfied all necessary conditions and regulatory approvals. The divestiture of GSS, which includes a line of products that serve a diverse mix of non-crop markets such as golf courses, professional sports stadiums and pest control, is a
Volume growth and higher cost savings led to earnings above the high end of guidance range Third Quarter 2024 Highlights Revenue of $1.07 billion, an increase of 9 percent versus Q3 2023 and up 12 percent organically1Consolidated GAAP net income of $66 million, up $70 million from a net loss of $4 million in Q3 2023Adjusted EBITDA of $201 million, up 15 percent versus Q3 2023Consolidated GAAP net income of $0.52 per diluted share, up $0.55 from a net loss of $0.03 per diluted share in Q3 2023Adjusted earnings per diluted share of $0.69, up 57 percent versus Q3 2023GAAP Cash from operations of $160 million with free cash flow of $132 millionFull-Year Outlook2 Revenue outlook of $4.33 billion
PHILADELPHIA, Sept. 30, 2024 /PRNewswire/ -- FMC Corporation (NYSE:FMC), a leading global agricultural sciences company, today announced an agreement with Ballagro Agro Tecnologia Ltda., a pioneer and leader in fungi-based biosolutions, to provide growers in Brazil with a broad portfolio of differentiated biological solutions. The agreement is part of FMC's strategic plan to grow its biologicals platform in key markets like Brazil. As part of the agreement, FMC Brazil will license and distribute key leading biosolutions from Ballagro. The partnership brings together the companies' deep technical expertise – FMC in microbial and Ballagro in fungi-based solutions – to strengthen the biosoluti