FMS

Black Friday

All the Features.
Half the Price.

$149.00 / first year $299.50

Then $299.50/year

Nov 09, 7:10 AMBarclays downgrades Fresenius Medical Care to underweight and cuts price target to €35 on expected reimbursement, volume and inflation pressures on earnings

Peers: DVA OPCH THC UHS HCA EHC ENSG CHE OM ARDX

| Held by: PZLV AVDE BFLX APIE TIIV CVAR DFAI DFIV AVSD AVNC

Scroll to Statements

Index	-
Market Cap	11.48B
Enterprise Value	23.69B
Income	955.84M
Sales	22.63B
Book/sh	28.00
Cash/sh	2.41
Dividend Est.	0.81 (3.67%)
Dividend TTM	0.86 (3.91%)
Dividend Ex-Date	May 22, 2026
Dividend Gr. 3/5Y	13.25% 1.37%
Payout	31.98%
Employees	111024
IPO	Sep 17, 1996

P/E	12.73
Forward P/E	10.06
PEG	13.60
P/S	0.51
P/B	0.79
P/C	9.20
P/FCF	5.53
EV/EBITDA	5.62
EV/Sales	1.05
Quick Ratio	0.69
Current Ratio	0.99
Debt/Eq	0.85
LT Debt/Eq	0.62
Option/Short	Yes / Yes

EPS (ttm)	1.74
EPS next Y	2.20
EPS next Q	0.56
EPS this Y	-9.26%
EPS next Y	-3.83%
EPS next 5Y	0.74%
EPS past 3/5Y	16.25% -3.43%
Sales past 3/5Y	2.83% 1.71%
EPS Y/Y TTM	26.14%
Sales Y/Y TTM	4.27%
EPS Q/Q	-36.42%
Sales Q/Q	-0.50%
Earnings	Nov 03 BMO
EPS/Sales Surpr.	-4.61% 0.04%

Insider Own	0.00%
Insider Trans	-
Inst Own	8.68%
Inst Trans	0.53%
ROA	2.65%
ROE	6.43%
ROIC	4.06%
Gross Margin	26.46%
Oper. Margin	11.23%
Profit Margin	4.22%
SMA20	-1.69%
SMA50	-0.90%
SMA200	-3.44%
Trades

Shs Outstand	519.02M
Shs Float	519.01M
Short Float	0.58%
Short Ratio	3.09
Short Interest	3.01M
52W High	26.42 -16.28%
52W Low	20.02 10.49%
Volatility	1.87% 1.95%
ATR (14)	0.60
RSI (14)	46.57
Beta	0.74
Rel Volume	3.70
Avg Volume	972.45K
Volume	1,985,006

Perf Week	-4.61%
Perf Month	4.93%
Perf Quarter	-6.39%
Perf Half Y	3.41%
Perf YTD	-7.14%
Perf Year	-7.79%
Perf 3Y	28.68%
Perf 5Y	-33.45%
Perf 10Y	-44.49%
Recom	4.00
Target Price	20.38
Prev Close	22.74
Price	22.12
Change %	-2.73%

Consensus

Sell

Avg. Price Target

$20.38

Implied Upside

-7.9%

Analysts13incl. previous ratings

Rating Distribution1 Buy · 5 Hold · 7 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Nov 09, 2026	Downgrade	BBarclays	Equal Weight → Underweight
Sep 29, 2026	Downgrade	BBerenberg	Buy → Hold
Jul 28, 2026	Downgrade	BBNP Paribas Exane	Neutral → Underperform	$19.90	-10.0%
Jul 16, 2026	Initiated	BBernstein	Mkt Perform
Jan 20, 2026	Downgrade	GGoldman	Buy → Neutral
Oct 15, 2025	Downgrade	BBofA Securities	Neutral → Underperform
Sep 02, 2025	Downgrade	UUBS	Neutral → Sell
Dec 02, 2024	Upgrade	BBofA Securities	Underperform → Neutral
Nov 06, 2024	Initiated	BBerenberg	Buy	$25.60	+15.7%
Jan 08, 2024	Downgrade	MMorgan Stanley	Equal-Weight → Underweight
Nov 24, 2023	Upgrade	HHSBC Securities	Reduce → Hold
Nov 17, 2023	Upgrade	SSociete Generale	Hold → Buy
Aug 14, 2023	Downgrade	UUBS	Buy → Neutral
Aug 01, 2023	Resumed	CCitigroup	Neutral
Jul 12, 2023	Initiated	GGoldman	Buy
Mar 07, 2023	Initiated	BBernstein	Mkt Perform
Jan 03, 2023	Downgrade	JJefferies	Buy → Underperform	$14 → $11.70	-47.1%
Oct 26, 2022	Downgrade	DDeutsche Bank	Hold → Sell
Oct 18, 2022	Initiated	MMorgan Stanley	Equal-Weight
Oct 10, 2022	Downgrade	JJefferies	Buy → Hold

Nov-09-26 07:04AM	Barclays sees Fresenius Medical Care earnings hit by reimbursement pressures (Investing.com)
Nov-03-26 07:00AM	Fresenius Medical Care reports third quarter 2026 performance partially offsetting headwinds and narrowing full year outlook (PR Newswire)
03:01AM	Fresenius: Q3 Earnings Snapshot (Associated Press)
Oct-30-26 09:29AM	Fresenius Medical Care's Q3 Test: Can Margin Gains Outrun A Self-Inflicted US Volume Slump? (Earnings Whispers)
Oct-21-26 06:10PM	Fresenius Medical Care Brings Kidney Care Innovation to Critical Care Patients with U.S. Launch of multiFiltratePRO (PR Newswire)
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Oct-19-26 09:00AM	Fresenius Medical Care presents new evidence and innovations advancing kidney care at ASN Kidney Week 2026 (PR Newswire)
Oct-07-26 11:28AM	Shervin J. Korangy appointed CEO of Fresenius Medical Care to lead the next phase of strategic development and long-term profitable growth (PR Newswire) -7.72%
Sep-25-26 08:00AM	Fresenius Medical Care Refines China Commercial Strategy with a Focus on Long-Term Growth and Market Leadership (PR Newswire)
Aug-27-26 09:00AM	Fresenius Medical Care Announces Publication of a Multinational Real-World Evidence Study Associating High-Volume Hemodiafiltration with Lower Mortality Risk Than Conventional Hemodialysis (PR Newswire)
Aug-04-26 11:00AM	Fresenius Medical Care AG (FMS) (Q2 2026) Earnings Call Highlights: Strong Profit Growth and ... (GuruFocus.com)
06:25AM	Fresenius Medical Care Shares Slide Despite Second-Quarter Earnings Beat (InvestorsHub)
Aug-03-26 02:30PM	Fresenius: Q2 Earnings Snapshot (Associated Press)
02:20PM	Fresenius Medical Care appoints Cassie McLean as new Management Board Member for Care Delivery (PR Newswire)
02:20PM	Fresenius Medical Care accelerates income growth to 23% in the second quarter of 2026 while advancing its strategic agenda (PR Newswire)
Jul-29-26 09:00AM	Fresenius Medical Care announces BEACON-US, generating real-world evidence supporting high-volume hemodiafiltration for U.S. dialysis patients (PR Newswire)
05:03PM	Loading…
Jul-23-26 05:03PM	Quest Diagnostics Inc (DGX) Q2 2026 Earnings Call Highlights: Strong Revenue Growth Amid ... (GuruFocus.com)
08:17AM	Hikma and Fresenius best positioned from Trump's generic drug tariffs, says Citi (Proactive)
Jul-20-26 08:00AM	Fresenius Medical Care introduces TherapyWise analytics for kidney replacement therapy (PR Newswire)
Jun-25-26 05:20AM	Fresenius Medical Care dips after US proposes lower dialysis reimbursement rate (Investing.com)
Jun-24-26 06:02PM	Ottobock Appoints Dr. Katarzyna Mazur-Hofsaess to the Management Board (NewMediaWire)
Jun-03-26 08:00AM	Fresenius Medical Care launches kinexus worldwide, a unified digital platform to support home dialysis (PR Newswire)
May-28-26 07:00AM	Fresenius Medical Care launches first tranche of its share buyback program of up to EUR 600 million (PR Newswire)
May-27-26 09:05AM	Fresenius Medical Care highlights new renal research and innovation at ERA Congress 2026 (PR Newswire)
May-26-26 07:00AM	Fresenius Medical Care announces new share buyback program with a total volume of around EUR 1 billion with phased execution over 12 months (PR Newswire)
May-21-26 10:13AM	Fresenius Medical Care Annual General Meeting: Strengthening performance and advancing innovation in kidney care (PR Newswire)
May-20-26 01:00PM	Fresenius Medical Care Reappoints Chief Financial Officer Martin Fischer (PR Newswire)
May-05-26 07:00AM	Fresenius Medical Care delivers strong operating income growth in Q1 2026 while advancing the U.S. rollout of 5008X CAREsystems at speed (PR Newswire) -10.86%
02:31AM	Fresenius: Q1 Earnings Snapshot (Associated Press)
Apr-09-26 05:00AM	Focus Graphite Initiates Joint Development with Forge Nano to Evaluate Advanced Coating Technology for Lac Knife Graphite (TMX Newsfile)
Apr-02-26 12:58PM	Fundamental Research Corp. Initiates Coverage on Focus Graphite Inc. (TMX Newsfile)
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Mar-30-26 05:00AM	Focus Graphite Initiates WSP-Led Dam Break Study at Lac Knife, Advancing ESIA Toward Completion (TMX Newsfile)
Mar-05-26 09:40AM	Here's Why Fresenius (FMS) is a Strong Value Stock (Zacks)
Feb-25-26 01:55PM	FMS Stock Rises as Q4 Earnings & Sales Beat Estimates, Margins Expand (Zacks)
Feb-24-26 04:22PM	Fresenius Medical Care AG & Co. KGaA Q4 Earnings Call Highlights (MarketBeat) -7.85%
03:30PM	Fresenius Medical Care Shares Fall 10% After 2026 Outlook Update (GuruFocus.com)
02:02PM	Fresenius Medical Care AG (FMS) Full Year 2025 Earnings Call Highlights: Record Profitability ... (GuruFocus.com)
09:59AM	Analyst Report: Fresenius Medical Care AG (Morningstar Research)
07:32AM	Fresenius Medical Care Shares Drop After Outlook Underwhelms (The Wall Street Journal)
07:00AM	Fresenius Medical Care delivers 27% earnings growth in 2025 and reaches upper end of its financial outlook; margin within 2025 mid-term target band (PR Newswire)
03:58AM	Fresenius: Q4 Earnings Snapshot (Associated Press Finance)
Feb-09-26 09:40AM	Here's Why Fresenius (FMS) is a Strong Value Stock (Zacks)
Feb-05-26 08:33PM	Analyst Report: Fresenius Medical Care AG (Morningstar Research)
Jan-26-26 11:40AM	FMS or MASI: Which Is the Better Value Stock Right Now? (Zacks)
Jan-23-26 09:40AM	Why Fresenius (FMS) is a Top Value Stock for the Long-Term (Zacks)
Jan-22-26 09:49AM	Abbott's Q4 Earnings Meet Estimates, Revenues Miss, Stock Falls (Zacks)
Jan-16-26 09:27AM	3 Undervalued Medical Instrument Stocks Poised to Grow in 2026 (Zacks)
Jan-15-26 09:36AM	Reasons to Add Fresenius Medical Stock to Your Portfolio Now (Zacks)
Jan-14-26 08:43PM	Analyst Report: Fresenius Medical Care AG (Morningstar Research) -6.51%
Jan-12-26 07:45AM	Neogen's Q2 Earnings and Revenues Beat Estimates, Stock Climbs (Zacks)
Jan-09-26 11:40AM	FMS or MASI: Which Is the Better Value Stock Right Now? (Zacks)
07:00AM	Fresenius Medical Care accelerates the second tranche of its EUR 1 billion share buyback program with around EUR 415 million repurchase planned (PR Newswire)
Jan-07-26 02:04PM	Do Options Traders Know Something About FMS Stock We Don't? (Zacks)
09:40AM	Why Fresenius (FMS) is a Top Value Stock for the Long-Term (Zacks)
Dec-18-25 09:50AM	Here's Why Fresenius (FMS) is a Strong Momentum Stock (Zacks)
Dec-16-25 09:40AM	Are You a Value Investor? This 1 Stock Could Be the Perfect Pick (Zacks)
Dec-11-25 07:12AM	Reasons to Hold Fresenius Medical Stock in Your Portfolio for Now (Zacks)
Dec-10-25 08:00AM	Fresenius Medical Care appoints Charles Hugh-Jones as Global Chief Medical Officer and member of the Management Board (PR Newswire)
Nov-26-25 09:40AM	Here's Why Fresenius (FMS) is a Strong Value Stock (Zacks)
Nov-10-25 09:40AM	Why Fresenius (FMS) is a Top Value Stock for the Long-Term (Zacks)
Nov-05-25 10:53AM	FMS Stock Rises as Q3 Earnings Beat Estimates, Revenues Gain Y/Y (Zacks)
Nov-04-25 04:01PM	Fresenius Medical Care AG (FMS) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and ... (GuruFocus.com) -7.82%
09:58AM	Analyst Report: Fresenius Medical Care AG (Morningstar Research)
07:00AM	Fresenius Medical Care further accelerates organic revenue development and achieves an inflection in earnings growth, delivering 28% operating income growth in the third quarter of 2025 (PR Newswire)
Oct-30-25 09:00AM	Fresenius Medical Care highlights real-world advances in hemodiafiltration and AI at ASN Kidney Week 2025 (PR Newswire)
Oct-27-25 08:43AM	CVS vs. FMS: Which Healthcare Services Stock Has More Upside? (Zacks)
Oct-24-25 01:49PM	Reasons to Hold Fresenius Medical Stock in Your Portfolio for Now (Zacks)
Oct-16-25 09:40AM	Here's Why Fresenius (FMS) is a Strong Value Stock (Zacks)
Oct-07-25 11:40AM	FMS vs. OFIX: Which Stock Is the Better Value Option? (Zacks)
Oct-02-25 09:50AM	Why Fresenius (FMS) is a Top Momentum Stock for the Long-Term (Zacks)
Oct-01-25 09:35AM	Fresenius Medical Care appoints Joseph Turk as new Management Board Member for Care Enablement (PR Newswire)
Sep-24-25 09:40AM	Why Fresenius (FMS) is a Top Value Stock for the Long-Term (Zacks)
Sep-23-25 01:11PM	Reasons to Hold Fresenius Medical Stock in Your Portfolio for Now (Zacks)
Sep-18-25 03:30PM	Fresenius Medical Care advances its FME Reignite strategy by increasing ownership in its Value-Based Care asset and appointing a new leader for the operating segment (PR Newswire)
Sep-10-25 09:00AM	Are Options Traders Betting on a Big Move in Fresenius Medical Stock? (Zacks)
Sep-08-25 04:59PM	Are You a Value Investor? This 1 Stock Could Be the Perfect Pick (Zacks)
Sep-02-25 04:26PM	Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick (Zacks) -5.21%
Aug-19-25 09:40AM	Why This 1 Value Stock Could Be a Great Addition to Your Portfolio (Zacks)
Aug-11-25 12:59PM	Encompass Health Q2 Earnings Beat Estimates, Stock Up 7.4% (Zacks)
07:00AM	Fresenius Medical Care announces first tranche of its share buyback program of up to EUR 600 million as part of its new capital allocation framework (PR Newswire)
Aug-07-25 11:40AM	FMS vs. OFIX: Which Stock Should Value Investors Buy Now? (Zacks)
Aug-06-25 11:01AM	Select Medical Shares Down 20% Despite Q2 Earnings Beat (Zacks)
10:39AM	FMS Stock Rises as Q2 Earnings Beat Estimates, Revenues Gain Y/Y (Zacks)
Aug-05-25 10:15AM	Analyst Report: Fresenius Medical Care AG (Morningstar Research)
07:00AM	Fresenius Medical Care delivers strong organic revenue growth and double-digit operating income growth in the second quarter of 2025 (PR Newswire)
01:43AM	Fresenius Medical Care Q2 Net Income Rises (RTT News)
01:24AM	Fresenius Medical Care Confirms Guidance After Sales, Profit Rise (The Wall Street Journal)
Aug-01-25 11:03AM	Teladoc Health Q2 Loss Narrower Than Expected on Declining Expenses (Zacks)
Jul-31-25 08:30AM	Fresenius Medical Care's Third-Party Clinical Research Organization Frenova Announces Strategic Collaboration Advancing Genomics-Driven, Precision Kidney Disease Care (PR Newswire)
Jul-30-25 09:55AM	Here's Why Fresenius (FMS) Looks Ripe for Bottom Fishing (Zacks)
Jul-29-25 11:35AM	UnitedHealth Q2 Earnings Miss Estimates on Increasing Medical Costs (Zacks)
11:30AM	Universal Health Q2 Earnings Beat on Strong Acute Care Admissions (Zacks)
09:40AM	Here's Why Fresenius (FMS) is a Strong Value Stock (Zacks)
08:50AM	Is the Options Market Predicting a Spike in Fresenius Medical Stock? (Zacks)
Jul-24-25 11:33AM	Community Health Q2 Earnings Miss on Declining Patient Days (Zacks)
10:50AM	Molina Healthcare Q2 Earnings Miss on Rising Medical Care Costs (Zacks)
Jul-21-25 11:40AM	FMS or SONVY: Which Is the Better Value Stock Right Now? (Zacks)
Jul-17-25 11:58AM	Elevance Health Q2 Earnings Miss Estimates on Rising Medical Costs (Zacks)
Jul-16-25 11:02AM	Encompass Health Opens Rehabilitation Hospital in Florida (Zacks)
Jul-11-25 09:40AM	Why Fresenius (FMS) is a Top Value Stock for the Long-Term (Zacks)
Jul-10-25 12:09PM	Reasons to Add Fresenius Medical Stock to Your Portfolio Now (Zacks)

Show Previous News

Fresenius Medical Care AG engages in the provision of products and services for individuals with renal diseases. It operates through the Care Enablement and Care Delivery segments. The Care Enablement segment is involved in the healthcare products business including research and development, manufacturing, supply chain, and commercial operations as well as supporting functions, such as regulatory and quality management. The Care Delivery segment focuses on the health care services for the treatment of CKD, ESRD, and other extracorporeal therapies, including value and risk-based care programs. The company was founded on August 5, 1996 and is headquartered in Bad Homburg, Germany.

CEO & Chairman of the Management BoardMr. Shervin J. Korangy

CFO & Member of the Management BoardMr. Martin Fischer

Member of the Management BoardDr. Jorg Haring

CEO of Care Enablement & Member of Management BoardMr. Joseph E. Turk Jr.

Global Chief Medical Officer & Member of Management BoardDr. Charles Hugh-Jones M.D.

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