FMC Corporation (NYSE:FMC) Given Price Target Of $50.625


As per FMC Corporation (NYSE:FMC)’s news release on 2016-07-21, its shareholders will get cash dividend of $0.165 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-30 and 2016-10-20, respectively.

The stock will commence trading ex-dividend from 2016-09-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year FMC Corporation (NYSE:FMC) disbursed $0.165 in dividend compared to distribution of $0.165, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 10%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated FMC Corporation (NYSE:FMC) to attain a price target of $50.625. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $58. The low price range is set at $38 for next year while the arithmetic mean is seen at 2.31.

Eyeing Earnings FMC Corporation (NYSE:FMC) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.58 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, FMC Corporation (NYSE:FMC) earnings came at $0.69 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.67 for the quarter.

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