FMC Corp(NYSE:FMC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $865.600M. Analysts estimated a revenue of $1.110B. The revenues were -22.02% below the estimates. Earnings per share were $0.88. The reported EPS was above estimates by 252%. Analysts had estimated an EPS of $0.25.
In a different note, On Dec 12, 2016, Goldman Sachs said it Upgrades its rating on FMC Corp. According to the research note, Goldman Sachs Raises the price target to $70 per share from a prior target of $54. The shares have been rated ‘Buy’ by the firm.
FMC Corp (FMC) shares turned negative on Tuesdays trading session with the shares closing down -3.64 points or -6.00% at a volume of 37,78,070. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $59.49. The peak price level was also seen at $59.49 while the days lowest was $56.66. Finally the shares closed at $57.03. The 52-week high of the shares is $62.84 while the 52-week low is $32.24. According to the latest information available, the market cap of the company is $7,633 M.
Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Andrea E Utecht (Exec. VP, General Counsel, Sec) sold 14,388 shares at $48.72 per share price.Also, On Mar 4, 2016, Mark Douglas (Pres. Agricultural Solutions) sold 10,480 shares at $38.22 per share price.On Sep 3, 2015, Paul W Graves (CFO) purchased 3,342 shares at $40.84 per share price, according to the Form-4 filing with the securities and exchange commission.
FMC Corporation is a diversified chemical company. The Company serves agricultural consumer and industrial markets with solutions applications and products around the world. The Company operates in three business segments: FMC Agricultural Solutions FMC Health and Nutrition and FMC Lithium. The Company’s FMC Agricultural Solutions segment develops markets and sells three classes of crop protection chemicals which include insecticides herbicides and fungicides. The FMC Health and Nutrition segment focuses on food pharmaceutical ingredients nutraceuticals personal care and similar markets. The pharmaceutical additives are used for binding encapsulation and disintegrant applications. The Company’s FMC Lithium segment manufactures lithium products.