Freeport-McMoRan (FCX) Set to Announce Quarterly Earnings on Tuesday

Freeport-McMoRan (NYSE:FCX) will release its earnings data before the market opens on Tuesday, January 23rd. Analysts expect Freeport-McMoRan to post earnings of $0.42 per share for the quarter.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Wednesday, October 25th. The natural resource company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Freeport-McMoRan had a net margin of 6.20% and a return on equity of 13.35%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts expect Freeport-McMoRan to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Freeport-McMoRan (FCX) opened at $19.75 on Tuesday. Freeport-McMoRan has a 52-week low of $11.05 and a 52-week high of $20.07. The company has a market cap of $28,580.00, a P/E ratio of 27.43 and a beta of 2.51. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.02 and a quick ratio of 1.32.

A number of research firms have recently commented on FCX. Zacks Investment Research lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Scotiabank reaffirmed a “hold” rating and set a $19.00 target price on shares of Freeport-McMoRan in a research report on Monday, January 8th. Morgan Stanley raised shares of Freeport-McMoRan from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $10.00 to $14.00 in a research report on Monday, December 11th. B. Riley boosted their target price on shares of Freeport-McMoRan from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $17.00 target price on shares of Freeport-McMoRan in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Freeport-McMoRan currently has a consensus rating of “Hold” and a consensus price target of $15.80.

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About Freeport-McMoRan

Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

Earnings History for Freeport-McMoRan (NYSE:FCX)

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