Freeport-McMoRan (NYSE:FCX – Get Free Report) announced its earnings results on Tuesday. The natural resource company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05, Briefing.com reports. The company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $5.70 billion. Freeport-McMoRan had a return on equity of 8.41% and a net margin of 8.09%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share.
Freeport-McMoRan Stock Performance
Shares of NYSE:FCX opened at $48.98 on Tuesday. Freeport-McMoRan has a 1 year low of $32.83 and a 1 year high of $52.42. The stock has a market capitalization of $70.26 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 2.28 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.42 and a quick ratio of 1.38. The company’s 50 day simple moving average is $43.80 and its 200 day simple moving average is $40.06.
Freeport-McMoRan Announces Dividend
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 given a dividend of $0.15 per share. The ex-dividend date is Friday, April 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. Freeport-McMoRan’s dividend payout ratio is 23.62%.
Analyst Ratings Changes
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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