FMC Corporation Updates Third-Quarter and Full-Year 2015 Outlook

FMC Corp's (FMC) Price Target Reduced to $45 at KeyBanc

KeyBanc maintained an Overweight rating on FMC Corp. (NYSE: FMC) but lowered its price target to $45.00 (from $53.00). The change follow the release of preliminary Q3 results and guidance.

"Despite another cut to our EPS outlook due to a more significant negative impact... More

Jefferies Cuts Price Target on FMC Corp. (FMC) Ahead of 3Q15 Results

Jefferies reiterated a Buy rating on FMC Corp. (NYSE: FMC), and cut the price target to $46.00 (from $47.00), ahead of the company's 3Q15 earnings results. Citing headwinds from the devaluation of the Brazilian Real, FMC reduced 2015 EPS to $2.35-$2.45. The company is scheduled to report results on 11/02/2015.... More

Piper Jaffray Cuts Price Target on FMC Corp. (FMC) Following Pre-Released 3Q and Revised FY15 Guidance

Piper Jaffray reiterated a Neutral rating on FMC Corp. (NYSE: FMC), and cut the price target to $33.00 (from $50.00), fololwing a negatively pre-released 3Q and revised FY15 guidance. The company is citing the nearly 30% decline in the Brazilian Real, where FMC's sales are heavily concentrated.

Analyst Brett Wong commented, "FMC negatively... More

FMC Corp. (FMC) Guides Q3 EPS Below Expectations

FMC Corp. (NYSE: FMC) announced that, due to the recent rapid devaluation of the Brazilian real, the company is reducing third-quarter and full-year outlook for its Agricultural Solutions segment. The company expects third-quarter segment earnings of $59 million and fourth-quarter segment earnings to be in the range of $110 to $130 million. Assuming an adjusted tax rate of 27 percent, adjusted earnings are expected to be $0.38 per share for the third quarter and in the range of $2.35 to $2.45 per share for the full year.

*** The Street sees Q3 EPS of $0.63 and FY15 EPS of $3.03.

A rapid... More