Freeport-McMoRan (NYSE:FCX – Get Free Report) issued its quarterly earnings data on Tuesday. The natural resource company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01, Briefing.com reports. Freeport-McMoRan had a return on equity of 7.60% and a net margin of 7.83%. The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis.
Freeport-McMoRan Stock Performance
NYSE:FCX opened at $46.84 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.34 and a current ratio of 2.40. Freeport-McMoRan has a fifty-two week low of $32.83 and a fifty-two week high of $55.24. The company has a 50 day simple moving average of $45.93 and a two-hundred day simple moving average of $47.85. The company has a market capitalization of $67.29 billion, a PE ratio of 41.45, a P/E/G ratio of 2.03 and a beta of 1.90.
Freeport-McMoRan Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, October 15th. Freeport-McMoRan’s dividend payout ratio is currently 26.55%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on FCX
About Freeport-McMoRan
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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