Freeport-McMoRan (NYSE:FCX – Get Free Report) posted its quarterly earnings data on Tuesday. The natural resource company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05, Briefing.com reports. Freeport-McMoRan had a return on equity of 7.17% and a net margin of 6.97%. The firm had revenue of $6.32 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis.
Freeport-McMoRan Trading Up 0.5 %
NYSE:FCX opened at $48.24 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $69.20 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 2.20 and a beta of 2.04. The firm’s 50 day moving average is $44.02 and its 200 day moving average is $40.14. Freeport-McMoRan has a 12 month low of $32.83 and a 12 month high of $52.42.
Freeport-McMoRan Announces Dividend
The business 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 $0.15 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 26.55%.
Analyst Ratings Changes
View 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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