FMC Shares Drop 12% on Guidance Cut

• Mizuho Securities analyst Edlain Rodriguez sets a new price target of $46 for FMC Corporation (NYSE:FMC), indicating a potential upside of 22.81%.
• The price target adjustment from $49 to $46 reflects changes in market multiples and sector-specific challenges in chemicals, agriculture, and packaging.
• Despite broader market adjustments, Mizuho maintains a Neutral rating on FMC, with expectations not significantly impacted by potential recession fears or lower oil prices.

FMC Corporation (NYSE:FMC) is a global leader in the agricultural sciences sector, providing innovative solutions for crop protection, plant health, and pest control. The company operates in a competitive landscape alongside major players like Bayer and Syngenta. On April 15, 2025, Edlain Rodriguez from Mizuho Securities set a price target of $46 for FMC, suggesting a potential increase of approximately 22.81% from its current price of $37.46.

Mizuho's analyst, Edlain Rodriguez, recently adjusted FMC's price target from $49 to $46, maintaining a Neutral rating. This change reflects broader updates in the chemicals, agriculture, and packaging sectors, as highlighted by Mizuho. The adjustment considers recent reductions in market multiples, which are used to evaluate a company's financial performance relative to its peers.

Despite these adjustments, Mizuho has only slightly reduced forward year estimates for FMC, as they do not foresee a recession. However, the analyst notes that lower oil prices could impact the gas-linked cost advantage for many basic chemical stocks, including FMC. This could affect the company's profitability, as lower oil prices may lead to increased competition and reduced margins.

FMC's stock price currently stands at $37.41, reflecting a slight decrease of 0.44% or $0.17. The stock has traded between $37.22 and $37.76 today, with a market capitalization of approximately $4.67 billion. Over the past year, FMC's stock has experienced significant fluctuations, reaching a high of $68.72 and a low of $32.83, indicating the volatility in the market.

Today's trading volume for FMC on the NYSE is 438,984 shares, suggesting moderate investor interest. The potential risk of a near-term pullback due to pre-buying activities in the automotive and electronics sectors during March could further impact FMC's stock performance. Investors should closely monitor these developments and consider the broader market trends when evaluating FMC's future prospects.

• Mizuho Securities analyst Edlain Rodriguez sets a new price target of $46 for FMC Corporation (NYSE:FMC), indicating a potential upside of 22.81%.
• The price target adjustment from $49 to $46 reflects changes in market multiples and sector-specific challenges in chemicals, agriculture, and packaging.
• Despite broader market adjustments, Mizuho maintains a Neutral rating on FMC, with expectations not significantly impacted by potential recession fears or lower oil prices.

FMC Corporation (NYSE:FMC) is a global leader in the agricultural sciences sector, providing innovative solutions for crop protection, plant health, and pest control. The company operates in a competitive landscape alongside major players like Bayer and Syngenta. On April 15, 2025, Edlain Rodriguez from Mizuho Securities set a price target of $46 for FMC, suggesting a potential increase of approximately 22.81% from its current price of $37.46.

Mizuho's analyst, Edlain Rodriguez, recently adjusted FMC's price target from $49 to $46, maintaining a Neutral rating. This change reflects broader updates in the chemicals, agriculture, and packaging sectors, as highlighted by Mizuho. The adjustment considers recent reductions in market multiples, which are used to evaluate a company's financial performance relative to its peers.

Despite these adjustments, Mizuho has only slightly reduced forward year estimates for FMC, as they do not foresee a recession. However, the analyst notes that lower oil prices could impact the gas-linked cost advantage for many basic chemical stocks, including FMC. This could affect the company's profitability, as lower oil prices may lead to increased competition and reduced margins.

FMC's stock price currently stands at $37.41, reflecting a slight decrease of 0.44% or $0.17. The stock has traded between $37.22 and $37.76 today, with a market capitalization of approximately $4.67 billion. Over the past year, FMC's stock has experienced significant fluctuations, reaching a high of $68.72 and a low of $32.83, indicating the volatility in the market.

Today's trading volume for FMC on the NYSE is 438,984 shares, suggesting moderate investor interest. The potential risk of a near-term pullback due to pre-buying activities in the automotive and electronics sectors during March could further impact FMC's stock performance. Investors should closely monitor these developments and consider the broader market trends when evaluating FMC's future prospects.

• RBC Capital downgrades FMC Corporation (NYSE:FMC) to "Sector Perform" with a price target of $47, indicating a potential downside of approximately -15.74%.
• FMC reports a 7% increase in Q4 revenue to $1.22 billion but faces a consolidated GAAP net loss of $16 million.
• Despite a challenging year, FMC anticipates revenue growth and improved financial performance in 2025, with projected revenue between $4.15 billion and $4.35 billion.

On February 5, 2025, Arun Viswanathan from RBC Capital set a price target of $47 for FMC Corporation (NYSE:FMC), while the stock was trading at $55.78. This suggests a potential downside of approximately -15.74% from the target. The downgrade to "Sector Perform" from "Outperform" by RBC Capital, as highlighted by TheFly, reflects a cautious outlook on the stock.

FMC Corporation, a global agricultural sciences company, recently held its Fourth Quarter 2024 Earnings Conference Call. Key executives, including CEO Pierre Brondeau and CFO Andrew Sandifer, discussed the company's financial performance. The call was attended by analysts from major financial institutions, indicating significant interest in FMC's financial health and future prospects.

In the fourth quarter of 2024, FMC reported a revenue of $1.22 billion, a 7% increase from the previous year. This growth was driven by volume increases in its growth portfolio, which helped offset foreign exchange challenges. Excluding currency impacts, organic revenue rose by 12% year-over-year, showcasing the company's ability to expand its core business.

Despite the revenue growth, FMC faced a consolidated GAAP net loss of $16 million in the fourth quarter, a stark contrast to the previous year's performance. However, adjusted EBITDA increased by 33% to $339 million, slightly above the guidance midpoint. Adjusted earnings per diluted share also rose by 67% to $1.79, indicating improved operational efficiency.

For the full year of 2024, FMC's revenue was $4.25 billion, a 5% decrease from 2023. The company reported a consolidated GAAP net income of $342 million, down 74% from the previous year. Despite these declines, FMC improved its cash flow significantly, with free cash flow rising by $1.14 billion to $614 million, highlighting effective cash management.

Looking ahead to 2025, FMC forecasts revenue between $4.15 billion and $4.35 billion, with a 3% growth excluding divestitures. Adjusted EBITDA is projected to be between $870 million and $950 million, reflecting a modest increase. The company anticipates cost savings from raw material deflation and restructuring actions, which could positively impact its financial performance.

• RBC Capital downgrades FMC Corporation (NYSE:FMC) to "Sector Perform" with a price target of $47, indicating a potential downside of approximately -15.74%.
• FMC reports a 7% increase in Q4 revenue to $1.22 billion but faces a consolidated GAAP net loss of $16 million.
• Despite a challenging year, FMC anticipates revenue growth and improved financial performance in 2025, with projected revenue between $4.15 billion and $4.35 billion.

On February 5, 2025, Arun Viswanathan from RBC Capital set a price target of $47 for FMC Corporation (NYSE:FMC), while the stock was trading at $55.78. This suggests a potential downside of approximately -15.74% from the target. The downgrade to "Sector Perform" from "Outperform" by RBC Capital, as highlighted by TheFly, reflects a cautious outlook on the stock.

FMC Corporation, a global agricultural sciences company, recently held its Fourth Quarter 2024 Earnings Conference Call. Key executives, including CEO Pierre Brondeau and CFO Andrew Sandifer, discussed the company's financial performance. The call was attended by analysts from major financial institutions, indicating significant interest in FMC's financial health and future prospects.

In the fourth quarter of 2024, FMC reported a revenue of $1.22 billion, a 7% increase from the previous year. This growth was driven by volume increases in its growth portfolio, which helped offset foreign exchange challenges. Excluding currency impacts, organic revenue rose by 12% year-over-year, showcasing the company's ability to expand its core business.

Despite the revenue growth, FMC faced a consolidated GAAP net loss of $16 million in the fourth quarter, a stark contrast to the previous year's performance. However, adjusted EBITDA increased by 33% to $339 million, slightly above the guidance midpoint. Adjusted earnings per diluted share also rose by 67% to $1.79, indicating improved operational efficiency.

For the full year of 2024, FMC's revenue was $4.25 billion, a 5% decrease from 2023. The company reported a consolidated GAAP net income of $342 million, down 74% from the previous year. Despite these declines, FMC improved its cash flow significantly, with free cash flow rising by $1.14 billion to $614 million, highlighting effective cash management.

Looking ahead to 2025, FMC forecasts revenue between $4.15 billion and $4.35 billion, with a 3% growth excluding divestitures. Adjusted EBITDA is projected to be between $870 million and $950 million, reflecting a modest increase. The company anticipates cost savings from raw material deflation and restructuring actions, which could positively impact its financial performance.

FMC Corp’s (NYSE:FMC) shares dropped more than 12% intra-day today after the company reduced its third-quarter adjusted earnings per share forecast. The primary reason for this revised projection is decreased sales volumes in Latin America.

FMC Corp is also undergoing an immediate restructuring in Brazil and a comprehensive review of the company's cost structure. The company anticipates the current stock reduction conditions to persist and also highlights drought issues in Argentina as a contributing factor to the revised outlook.

The new adjusted EPS estimate is set at 44 cents, a significant drop from the earlier range of 90 cents to $1.32, and well below the Street estimate of $1.02.

The company's anticipated revenue is now around $982 million, which contrasts sharply with the original estimate of between $1.19 billion and $1.27 billion, and the Street estimate of $1.2 billion.

For the entire year, FMC Corp now projects its revenue to be between $4.48 billion and $4.72 billion, as opposed to its initial forecast of $5.20 billion to $5.40 billion, with the consensus at $5.22 billion. The annual adjusted EBITDA is also revised and is expected to be between $970 million and $1.03 billion, a decrease from the first prediction of $1.30 billion to $1.40 billion. This is below the analyst's expectation of $1.31 billion.

FMC Corp’s (NYSE:FMC) shares dropped more than 12% intra-day today after the company reduced its third-quarter adjusted earnings per share forecast. The primary reason for this revised projection is decreased sales volumes in Latin America.

FMC Corp is also undergoing an immediate restructuring in Brazil and a comprehensive review of the company's cost structure. The company anticipates the current stock reduction conditions to persist and also highlights drought issues in Argentina as a contributing factor to the revised outlook.

The new adjusted EPS estimate is set at 44 cents, a significant drop from the earlier range of 90 cents to $1.32, and well below the Street estimate of $1.02.

The company's anticipated revenue is now around $982 million, which contrasts sharply with the original estimate of between $1.19 billion and $1.27 billion, and the Street estimate of $1.2 billion.

For the entire year, FMC Corp now projects its revenue to be between $4.48 billion and $4.72 billion, as opposed to its initial forecast of $5.20 billion to $5.40 billion, with the consensus at $5.22 billion. The annual adjusted EBITDA is also revised and is expected to be between $970 million and $1.03 billion, a decrease from the first prediction of $1.30 billion to $1.40 billion. This is below the analyst's expectation of $1.31 billion.