Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified FMC Corporation as such a stock due to the following factors:
- FMC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $38.6 million.
- FMC has traded 398,533 shares today.
- FMC is trading at a new lifetime high.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in FMC with the Ticky from Trade-Ideas. See the FREE profile for FMC NOW at Trade-Ideas
More details on FMC:
FMC Corporation, a diversified chemical company, provides solutions and products for agricultural, consumer, and industrial markets. It operates in three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. The stock currently has a dividend yield of 0.8%. FMC has a PE ratio of 21.4. Currently there are 7 analysts that rate FMC Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.
The average volume for FMC Corporation has been 761,500 shares per day over the past 30 days. FMC has a market cap of $9.7 billion and is part of the basic materials sector and chemicals industry. The stock has a beta of 1.10 and a short float of 4.8% with 11.16 days to cover. Shares are up 22% year to date as of the close of trading on Friday.
rates FMC Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- FMC's revenue growth has slightly outpaced the industry average of 3.4%. Since the same quarter one year prior, revenues slightly increased by 6.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 33.30% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, FMC should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- Net operating cash flow has increased to $277.60 million or 18.32% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -2.04%.
- FMC CORP's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, FMC CORP increased its bottom line by earning $3.23 versus $2.77 in the prior year. This year, the market expects an improvement in earnings ($3.84 versus $3.23).
- The net income growth from the same quarter one year ago has exceeded that of the Chemicals industry average, but is less than that of the S&P 500. The net income increased by 12.5% when compared to the same quarter one year prior, going from $104.90 million to $118.00 million.
- You can view the full FMC Corporation Ratings Report.