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FMC Corporation: After Operational Restructuring, I'm Bullish On The Stock
Seeking Alpha· 2024-12-13 05:41
Author Background - Gordon is a freelance investment writer with a Masters Degree in Civil Engineering and nearly 10 years of experience in trading and investing, particularly in technology and energy companies [1] - He runs a financial education company called Oak Investing, which has a wide following across 40 countries [1] - Gordon specializes in identifying growth opportunities, value plays, and dividend-paying stocks across various geographies and sectors [1] - He is ranked in the Top 10% of Financial Bloggers on TipRanks, with a 75% Success Rate and 19% Average Return [1] Market Perspective - The market is focused on developing sophisticated technology and inventing the future, but core areas required for daily life are often overlooked [1] Disclosure - The author has no stock, option, or derivative positions in any companies mentioned and no plans to initiate such positions within the next 72 hours [2] - The article expresses the author's own opinions and is not receiving compensation other than from Seeking Alpha [2] - The author has no business relationship with any company mentioned in the article [2] Seeking Alpha's Position - Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser [3] - The views expressed in the article may not reflect those of Seeking Alpha as a whole [3] - Seeking Alpha's analysts include both professional and individual investors who may not be licensed or certified by any institute or regulatory body [3]
FMC Corporation announces election of Anthony DiSilvestro to Board of Directors
Prnewswire· 2024-12-12 21:30
PHILADELPHIA, Dec. 12, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced the election of Anthony DiSilvestro to the company's Board of Directors, effective December 12, 2024. DiSilvestro will serve on the Audit and Compensation and Human Capital Committees.DiSilvestro brings more than 40 years of broad financial experience in multi-billion dollar companies to FMC's Board. He currently serves as the chief financial officer of Mattel Inc., where ...
FMC Corp. Is Cheap With Price Growth Potential
Seeking Alpha· 2024-12-12 12:11
Stock Valuation and Investment Opportunity - FMC Corporation's stock price is considered a potential buy opportunity for retail value investors if it dips closer to $54 per share [1] - The stock's valuation, profitability, and industry position are key factors in this assessment [1] Author Background and Expertise - The author has extensive experience in business, teaching, and consulting, including roles at Harvard and Tufts Medical School [1] - The author co-manages Goldmeier Investments LLC and has founded a business with over 70 employees and real estate holdings exceeding $15 million [1] Disclosure and Independence - The author has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article expresses the author's own opinions and is not influenced by any business relationships with the mentioned companies [2]
FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential
MarketBeat· 2024-11-29 12:48
Some investors will try to create the perfect mix of indicators on a chart to lead them to the right moment to buy or sell a stock or a financial product. The problem is that if everyone is watching the same indicators and looking for the same patterns and setups, wouldn’t that render the validity of a strategy worthless? In fact, all indicators are based on one thing and one thing only: Price action. When watched diligently, price action can lead traders to the market’s sentiment toward groups of stocks as ...
Why Is FMC (FMC) Down 10.7% Since Last Earnings Report?
ZACKS· 2024-11-28 17:35
Core Viewpoint - FMC's recent earnings report showed a significant improvement in earnings and sales, but the stock has underperformed the S&P 500, raising questions about future performance leading up to the next earnings release [1][2]. Earnings Performance - In Q3 2024, FMC reported earnings of 52 cents per share, a recovery from a loss of 3 cents in the same quarter last year. Adjusted earnings per share were 69 cents, exceeding the Zacks Consensus Estimate of 49 cents [2]. - Revenues reached approximately $1.06 billion, reflecting a 9% increase year-over-year and surpassing the Zacks Consensus Estimate of $1.03 billion [2]. Volume and Pricing Dynamics - The revenue growth was driven by a 17% year-over-year increase in volumes, although this was partially offset by a 5% decline in prices and a 3% negative impact from currency fluctuations [3]. - Volume growth was particularly strong in Latin America and North America, despite lower pricing pressures in Latin America due to challenging market conditions in Brazil and Argentina [3]. Regional Sales Performance - North America saw a 48% year-over-year increase in sales to $236 million, exceeding the consensus estimate of $205.9 million [4]. - Latin American sales increased by 8% year-over-year to $504 million, beating the consensus estimate of $484.2 million [4]. - In Asia, revenues declined by 10% year-over-year to $187 million, while EMEA experienced a 7% decline to $139 million, missing the consensus estimate [5]. Financial Position - FMC reported cash and cash equivalents of $416.7 million, down approximately 12% sequentially, with long-term debt remaining flat at $3.03 billion [6]. - The company generated cash from operations of $160 million and free cash flow of $132 million in Q3 [6]. Guidance and Future Outlook - For 2024, FMC projects revenues between $4.33 billion and $4.44 billion, indicating a 2% decline at the midpoint compared to 2023. Adjusted EBITDA is expected to be in the range of $885-$915 million, suggesting an 8% decline at the midpoint [7]. - Fourth-quarter revenues are forecasted to be between $1.3 billion and $1.41 billion, reflecting a 19% increase at the midpoint compared to Q4 2023 [8]. - Adjusted earnings for the fourth quarter are expected to range from $1.47 to $1.83, indicating a 54% rise at the midpoint compared to the same period last year [9]. Estimate Trends - Recent estimates for FMC have shown a downward trend, indicating a shift in market expectations [10][12]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return in the coming months [12]. VGM Scores - FMC has a poor Growth Score of F, a Momentum Score of D, and a Value Score of B, resulting in an aggregate VGM Score of D [11].
Leviathan Gold to Acquire Significant Mineral Exploration Land Package in Bosnia and Herzegovina
GlobeNewswire News Room· 2024-11-25 15:13
Core Viewpoint - Leviathan Gold Ltd. has entered into a share exchange agreement to acquire 100% of LS Lithium Corp., which will be renamed Foca Metals Corp., thereby gaining a 100% indirect interest in the highly prospective Foča Project in Bosnia and Herzegovina [2][14][15] Project Overview - The Foča Project encompasses a land area of 100.7 square kilometers across three exploration licenses, targeting silver and base metals, and is located approximately 100 kilometers south of Adriatic Metals' Vareš project [3][14] - Historical drilling records indicate an average mineralized thickness of 15 meters at a grade of 13.25% Pb+Zn at the Vrela Prospect, with recent rock chip sampling returning values of up to 347 g/t Ag, 10.1% Pb, and 40% Zn [6][14] Geological Context - The Foča district is situated in the Central Dinaride metallogenic zone, characterized by a geological succession of Palaeozoic basement and overlying Triassic and Jurassic-Cretaceous rocks [16][17] - The region has a history of significant mineral production, notably from the Trepča Mines complex in Kosovo, which produced 60.5 million tons at an average grade of 8% Pb+Zn [4][14] Exploration Potential - Recent soil sampling has identified continuous base metal anomalies extending over 2 kilometers beyond historic drilling areas, indicating the potential for larger mineralization [6][14] - Key targets include the Vrela Prospect and the Barice Prospect, with the latter showing massive sulphide mineralization and rock chip assays returning grades of up to 4.48% Cu, 110 g/t Ag, 30.2% Pb, and 6.45% Zn [7][14] Strategic Advantages - Changes to the Law on Geological Exploration in Republika Srpska are viewed as mining-friendly, enhancing land availability and providing a first-mover advantage in a largely unexplored area [8][14] - The acquisition positions Leviathan to leverage its team's experience in the Balkan mineral systems, particularly in Bosnia, to advance exploration efforts [15][14]
Is the Options Market Predicting a Spike in FMC Stock?
ZACKS· 2024-11-07 14:50
Investors in FMC Corporation (FMC) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $40.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also m ...
Don't Overlook FMC (FMC) International Revenue Trends While Assessing the Stock
ZACKS· 2024-11-01 14:16
FMC's International Revenue Performance - FMC's total revenue for the quarter ended September 2024 was $1.07 billion, marking an 8.5% year-over-year increase [4] - Latin America contributed 47.32% ($504.1 million) of total revenue, exceeding Wall Street expectations by 4.11% [5] - Europe/Middle East/Africa generated $139.3 million (13.07% of total revenue), falling short of analyst projections by 10.42% [6] - Asia accounted for $186.5 million (17.51% of total revenue), surpassing expectations by 6.74% [7] Regional Revenue Trends - Latin America's revenue share increased significantly compared to the previous quarter (29.58%) and year-ago quarter (47.47%) [5] - Europe/Middle East/Africa's revenue share declined from 19.38% in the previous quarter and 15.17% in the year-ago quarter [6] - Asia's revenue share decreased slightly from 18.41% in the previous quarter and 21.10% in the year-ago quarter [7] Future Revenue Projections - Wall Street analysts project FMC's next quarter revenue at $1.36 billion, an 18.8% increase year-over-year [8] - Expected revenue contributions: Latin America 37.8% ($514.83 million), Europe/Middle East/Africa 14.3% ($194.28 million), Asia 19.3% ($263.28 million) [8] - Full-year revenue is projected at $4.38 billion, a 2.4% decrease from the previous year [9] Stock Performance and Market Position - FMC's stock increased 1.5% over the past month, outperforming the Zacks S&P 500 composite (-1%) and the Basic Materials sector (-3.4%) [13] - Over three months, FMC shares rose 5.8%, surpassing the S&P 500's 3.6% gain and the sector's 1.6% decline [13] - FMC currently holds a Zacks Rank 3 (Hold), indicating potential market-aligned performance [13]
FMC Corporation and Envu complete the sale of FMC's Global Specialty Solutions business
Prnewswire· 2024-11-01 13:05
PHILADELPHIA, Nov. 1, 2024 /PRNewswire/ --FMC Corporation (NYSE:FMC) and Environmental Science U.S. LLC, known as Envu, today announced the successful completion of the sale of FMC's Global Specialty Solutions (GSS) business to Envu. The companies announced the signing of a definitive acquisition agreement on July 11, 2024, and have now satisfied all necessary conditions and regulatory approvals.       The divestiture of GSS, which includes a line of products that serve a diverse mix of non-crop markets suc ...
FMC (FMC) - 2024 Q3 - Quarterly Report
2024-10-30 18:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ _______________________________________________________________________ FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 For the transition period from _______ to _______ Co ...