FMC’s Dividend In Danger? Analyst Warns Of Debt Pressures And Credit Downgrade Risks
FMC Corporation (NYSE:FMC) shares plunged on Wednesday after the company reported fourth-quarter results on Tuesday and analysts downgraded the stock.
FMC reported adjusted EPS of $1.79, beating the $1.60 estimate, while sales of $1.22 billion missed the consensus of $1.31 billion.
The company expects first-quarter adjusted EPS of $0.05 – $0.15 (vs. $0.94 estimate) and revenue of $750 million – $800 million (vs. street view of $1.031 billion).
For FY25, FMC forecasts adjusted EPS of $3.26 – $3.70 (vs. $4.38 est.) and revenue of $4.15 billion – $4.35 billion (vs. consensus of $4.406 billion).
BofA Securities analyst Steve Byrne downgraded the company from Neutral to Underperform and cut the price forecast from $61 to $48.
The analyst cited …
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