Freeport-McMoRan (NYSE:FCX – Get Free Report) released its quarterly earnings results on Tuesday. The natural resource company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05, Briefing.com reports. Freeport-McMoRan had a net margin of 8.09% and a return on equity of 8.41%. The business had revenue of $6.32 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year.
Freeport-McMoRan Trading Down 1.3 %
NYSE:FCX opened at $48.98 on Tuesday. The company has a fifty day moving average of $43.80 and a 200 day moving average of $40.06. Freeport-McMoRan has a 52 week low of $32.83 and a 52 week high of $52.42. The company has a quick ratio of 1.38, a current ratio of 2.42 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $70.26 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.28 and a beta of 2.04.
Freeport-McMoRan Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, April 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. Freeport-McMoRan’s dividend payout ratio is currently 23.62%.
Analyst Upgrades and Downgrades
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About Freeport-McMoRan
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. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone 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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