Freeport-McMoRan (NYSE:FCX – Get Free Report) posted its earnings results on Tuesday. The natural resource company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01, Briefing.com reports. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Freeport-McMoRan had a net margin of 7.83% and a return on equity of 7.60%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS.
Freeport-McMoRan Price Performance
Shares of NYSE FCX opened at $47.92 on Thursday. The stock has a 50 day moving average of $45.86 and a two-hundred day moving average of $47.86. Freeport-McMoRan has a twelve month low of $32.83 and a twelve month high of $55.24. The stock has a market cap of $68.84 billion, a P/E ratio of 42.41, a P/E/G ratio of 2.03 and a beta of 1.90. The company has a current ratio of 2.40, a quick ratio of 1.34 and a debt-to-equity ratio of 0.30.
Freeport-McMoRan Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.63%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 26.55%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on FCX
Freeport-McMoRan Company Profile
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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