Piper Jaffray Cuts Price Target on FMC Corp. (FMC) Following Pre-Released 3Q and Revised FY15 Guidance
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FMC Corp's (FMC) Price Target Reduced to $45 at KeyBanc
October 13, 2015 1:36 PM EDTKeyBanc 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
October 13, 2015 10:06 AM EDTJefferies 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
After-Hours Movers 10/12: (AMGN) Higher; (FMC) (COLL) (R) Lower (more...)
October 12, 2015 5:53 PM EDT
FMC Corp. (NYSE: FMC) 9.5% LOWER; 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... More
Market Wrap: Dell Makes it Official with EMC; Lilly Hit on Drug Halt; Ferrari IPO Revs up
October 12, 2015 5:20 PM EDTMarket wrap for October 12th
End of the Day: S&P 500 up 2.6 to 2,017.46; Dow Jones up 47.4 to 17,131.86; Nasdaq up 8.2 to 4,838.64
Market Brief: Dell moved to acquire EMC in a deal valued around $67 billion.
Fiat is moving forward with its IPO for Ferrari.
Lilly hit amid plans to discontinue evacetrapib development.
Magnum Hunter is going to look at alternatives.
Gold rose 1.0 percent to $1,115.90 per ounce and oil fell 5.3 percent to $49.86 per barrel.
* Michael S. Dell, founder,... More
FMC Corp. (FMC) Guides Q3 EPS Below Expectations
October 12, 2015 4:59 PM EDTFMC 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
