Freeport-McMoRan (FCX) Set to Announce Quarterly Earnings on Thursday
Freeport-McMoRan (NYSE:FCX – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link. Freeport-McMoRan (NYSE:FCX […] Freeport-McMoRan (NYSE:FCX – Get Free Report) is set to announce its quarterly earnings results on Thursday, October 19th. Analysts expect the company to announce earnings of $0.36 per share for the quarter, missing the consensus estimate of $ 0.36 by ($0.01). The company had revenue of $5.74 billion during the quarter compared to analyst estimates of $ 5.61 billion. StockNews.com started coverage on shares of Freeport-MoRans in a research report on Thursday and set a “hold” rating for the company. The company has a market capitalization of $53.26 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 6.39 and a beta of 2.06. Several equities research analysts recently weighed in on FCX shares, including Sanford C. Bernstein and Scotiabank. Finally, 1-800-FLOWERS.COM reissued an “initiates” ratings on shares. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.45.
Publicado : Hace 2 años por Defense World Staff en Finance
Freeport-McMoRan (NYSE:FCX – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly earnings results on Thursday, July 20th. The natural resource company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). Freeport-McMoRan had a net margin of 9.63% and a return on equity of 9.45%. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the company posted $0.58 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. On average, analysts expect Freeport-McMoRan to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
FCX opened at $37.15 on Thursday. Freeport-McMoRan has a twelve month low of $27.50 and a twelve month high of $46.73. The company has a 50-day simple moving average of $39.23 and a 200 day simple moving average of $39.07. The company has a quick ratio of 1.72, a current ratio of 2.94 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $53.26 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 6.39 and a beta of 2.06.
Several equities research analysts recently weighed in on FCX shares. StockNews.com started coverage on shares of Freeport-McMoRan in a research report on Thursday, October 5th. They set a “hold” rating for the company. Morgan Stanley increased their target price on shares of Freeport-McMoRan from $38.50 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, September 21st. Sanford C. Bernstein initiated coverage on shares of Freeport-McMoRan in a report on Thursday, June 29th. They issued a “market perform” rating and a $41.00 target price for the company. Scotiabank dropped their target price on shares of Freeport-McMoRan from $49.00 to $48.00 in a report on Tuesday, July 25th. Finally, 1-800-FLOWERS.COM reissued an “initiates” rating on shares of Freeport-McMoRan in a report on Thursday, June 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Freeport-McMoRan presently has a consensus rating of “Hold” and an average target price of $42.45.
A number of hedge funds and other institutional investors have recently bought and sold shares of FCX. KB Financial Partners LLC bought a new stake in Freeport-McMoRan during the 1st quarter valued at $26,000. Fairfield Bush & CO. purchased a new position in Freeport-McMoRan during the 1st quarter worth $26,000. Retirement Group LLC boosted its holdings in Freeport-McMoRan by 97.1% during the 2nd quarter. Retirement Group LLC now owns 670 shares of the natural resource company’s stock worth $27,000 after acquiring an additional 330 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in Freeport-McMoRan during the 4th quarter worth $28,000. Finally, Quarry LP purchased a new position in shares of Freeport-McMoRan in the 1st quarter worth about $40,000. Institutional investors own 77.96% of the company’s stock.
Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.
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Temas: Markets