Freeport-McMoRan (NYSE:FCX – Get Free Report) posted 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 6.97% and a return on equity of 7.17%. The company had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. Freeport-McMoRan’s revenue was up 17.3% on a year-over-year basis.
Freeport-McMoRan Stock Performance
Shares of NYSE:FCX traded up $0.75 during mid-day trading on Friday, reaching $50.15. 2,307,484 shares of the company traded hands, compared to its average volume of 13,784,993. Freeport-McMoRan has a 52 week low of $32.83 and a 52 week high of $52.42. The firm has a market cap of $71.94 billion, a PE ratio of 43.72, a PEG ratio of 2.21 and a beta of 2.04. The company’s 50 day moving average price is $44.24 and its 200-day moving average price is $40.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.35 and a quick ratio of 1.38.
Freeport-McMoRan Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, April 12th. Freeport-McMoRan’s payout ratio is 26.55%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Freeport-McMoRan
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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