89.56 +0.01 (0.01%)
After hours: 4:42PM EDT
|Bid||79.83 x 1800|
|Ask||90.00 x 1100|
|Day's Range||88.27 - 89.95|
|52 Week Range||72.73 - 98.70|
|PE Ratio (TTM)||12.28|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||0.66 (0.77%)|
|1y Target Est||102.92|
FMC (FMC) has struggled so far this year, underperforming the S&P 500 Index and the VanEck Vectors Agribusiness ETF (MOO). The overall consensus recommendation on FMC in September is a “buy.” Of the 16 analysts covering the stock, three have given it “strong buy” recommendations compared to four in August. Over the same period, the number of analysts recommending “buys” has fallen to nine from 11 a month ago.
Fertilizer stocks have performed well so far this year, and they continue to deliver higher returns compared to the S&P 500 Index (SPY), which has returned 7% YTD (year-to-date) as of September 6, and the VanEck Vectors Agribusiness ETF (MOO), which has returned 2.2% over the same period. Similarly, rhe Mosaic Company (MOS) has returned 14% over the same period as the commodity industry cycle has witnessed a reversal, with fertilizer prices improving. In our weekly price series, we update you on how fertilizer prices move each week, which can help determine the direction fertilizer stocks could take.
The comments, which have not previously been publicly reported, come at a time of rapid growth and cutthroat competition across the lithium sector as Albemarle seeks to tap into surging demand for high-tech batteries like those used in Tesla Inc's (TSLA.O) Model X and other electric vehicles. Shares of Charlotte, North Carolina-based Albemarle fell less than 1 percent to $95.86 (74.91 pounds) on Wednesday, in line with broader markets. Philadelphia-based FMC, primarily a pesticides maker, said in February it would launch a $500 million initial public offering in October of a stake in its lithium business.
The market could have ended Tuesday’s action on either side of the fence, but when push came to shove as the closing bell approached, the big 11.5% advance from Advanced Micro Devices (NASDAQ:AMD) just wasn’t enough to offset all the other losers. The most notable dead weight from Tuesday was the 3.2% setback suffered by Nike (NYSE:NKE) and the 4.2% selloff from Tesla (NASDAQ:TSLA). Investors reacted poorly to news that Nike has inked a multiyear, multi-million-dollar endorsement deal with the controversial Colin Kaepernick.
Albemarle (ALB) has announced the key dates for its Q3 2018 dividend. To be eligible for the dividend, investors must be shareholders of record as of September 14. The dividend is expected to be paid on October 1.
FMC Corporation, a diversified chemical company, provides solutions, applications, and products for the agricultural, consumer, and industrial markets worldwide. FMC is one of United States’s large-cap stocks that saw someRead More...
The pivot comes as battery makers such as Panasonic Corp , the sole battery supplier to Tesla Inc (TSLA.O), increasingly demand more purified versions of lithium that can help boost electricity storage and increase a battery's charge, shaping Albemarle's strategy, according to sources and documents reviewed by Reuters and confirmed by the company. Once used primarily as a pharmacological treatment for bipolar disorder, lithium has become one of the world's most in-demand commodities thanks to the rising popularity of electric vehicles powered by lithium-ion batteries. Albemarle's strategy, which includes developing a battery research center near its North Carolina headquarters, is aimed at setting it apart from its major competitors, including Chile's SQM (SQMa.SN) and China's Tianqi Lithium Corp .
In the fiscal third quarter, Deere & Company (DE) reported total revenue of $10.31 billion, inclusive of financial services and other revenue. Deere’s equipment business growth was primarily driven by its acquisition of Wirtgen Group, which added 17% to its revenue. Both of Deere’s reporting segments witnessed significant revenue growth.
(Continued from Prior Part)Tronox’s quarterly dividend On August 15, Tronox (TROX) announced its latest quarterly dividend of $0.045 per share. The dividend will be paid on the company’s outstanding class A and class B ordinary shares. Tronox set the record date as August 27. Investors holding shares as of the record date are eligible for the dividend. The dividends are expected to be paid on September 7. At the end of the second quarter, including class A and class B shares, the total number of outstanding shares stood at ~122.9 million. ...
In the previous part, we looked at analysts’ recommendations for Deere (DE). In this part, we’ll compare Deere’s valuation with its peer.
Deere (DE) is expected to post an adjusted EPS of $2.75 for the third fiscal quarter—an increase of 44% on a YoY (year-over-year) basis. In the third fiscal quarter of 2017, Deere reported an adjusted EPS of $1.91. Deere didn’t meet analysts’ expectations in the previous quarter.
Deere (DE) is expected to report revenues of $9.21 billion in the third fiscal quarter from its equipment operations. In the third fiscal quarter of 2017, Deere reported revenues of $6.83 billion from equipment operations. If Deere meets the revenue expectations, it would be the highest third-quarter revenues since the third fiscal quarter of 2013.
Albemarle’s (ALB) revenue continued its upward trend for the second quarter. It reported revenue of $853.9 million for Q2 2018, reflecting an increase of 15.8% over Q2 2017. Peer FMC (FMC) rose 92% on acquisitions, while Sociedad Química y Minera de Chile (SQM) is expected to grow its revenue by 12.5% in its second quarter. The company surpassed the Wall Street analyst estimate of $798.2 million. Since 2013, ALB’s revenue has grown at a CAGR (compound annual growth rate) of 8.15%.