Electronics

The Brokers Set Expectations for Freeport-McMoRan Inc.'s FY2018 Earnings (FCX)

The Brokers Set Expectations for Freeport-McMoRan Inc.'s FY2018 Earnings (FCX)

A dividend is a distribution of a portion of a company's earnings decided by its BOD (board of directors) specifically for its shareholders. Vetr's price objective would suggest a potential downside of 10.71% from the company's current price.

A number of institutional investors have recently bought and sold shares of the stock. Using data provided from various analysts, shares of Freeport-McMoran, Inc. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Equal Weight" rating by Barclays Capital on Monday, May 2.

In order to reach an opinion/Recommendation the analyst research public financial statements, listen in on conference calls and talk to managers and the customers of a company, in attempt to capture the information for a research report.

According to the analysts, Freeport-McMoRan Inc.

Overall, 2 research analysts have rated the stock with a Sell rating, 5 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. Marathon Oil Corporation consensus analyst price target has now moved to $18.29.

Freeport-McMoran, Inc. (NYSE:FCX) Quarterly Analytical Analysis

Freeport-McMoRan Inc, the world's largest publicly listed copper producer, said on Wednesday it raised $1.5 billion in an equity offering, completing its plan to reduce debt with proceeds from asset sales and new equity. The stock's price moved down its 200-day moving average of $5.62. Freeport-McMoRan has a one year low of $3.52 and a one year high of $16.42. The company has the Market capitalization of $22.19 Billion.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Tuesday, October 25th. (NASDAQ:AMD) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 26.25 P/E and the sector P/E is 20.41. Freeport-McMoRan had a negative net margin of 58.67% and a negative return on equity of 0.72%.

Revenue is expected to range from 3.58 Billion to 4.67 Billion with an average of 4.22 Billion. The analysts estimated EPS for the higher end at -0.01 and lower end at -0.03 while the year ago reported earnings per share was -0.05. On average, analysts anticipate that Freeport-McMoRan will post $0.25 EPS for the current year. The share price of the stock plunged -52.21% for the year. Following the completion of the acquisition, the director now directly owns 65,523 shares in the company, valued at approximately $702,406.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Jefferies upgraded the stock to "Buy" rating in Tuesday, May 17 report. Geode Capital Management LLC now owns 10,230,429 shares of the natural resource company's stock worth $105,573,000 after buying an additional 1,034,663 shares during the last quarter. (NASDAQ:JUNO) latest quarter ended on 30 Sep 2016, company revealed earnings of $-0.57 a share. Strid Group LLC bought a new position in Freeport-McMoRan during the third quarter valued at $112,000. (NASDAQ:AMD). These ratios are important while doing valuation of the company or the shares of the company. Macquarie Research downgraded Freeport-McMoRan Inc (NYSE:FCX) rating on Friday, January 8. It trades at an average volume of 1.44M shares versus 1.05M shares recorded at the end of last trading session. Finally, Boston Partners increased its stake in Freeport-McMoRan by 32.6% in the second quarter. The stock has "Sell" rating given by CLSA on Tuesday, April 19.

FBR & Co decreased their FY2018 earnings estimates for Freeport-McMoRan in a report issued on Wednesday.