Earnings Forecast Revision Scan: Freeport-McMoRan Inc. (FCX)

by Ben Pena April 27, 2017, 2:14
Earnings Forecast Revision Scan: Freeport-McMoRan Inc. (FCX)

Currently, Wall Street is projecting that the firm will post $1.52 earnings per share. In most recent quarter, LT Debt/Equity ratio was listed at 2.45 and Total Debt/Equity ratio was noted at 2.65.

Yelp Inc. (NYSE:YELP) shares are trading +0.94% thus far today and have traded in the range of 33.82 - 34.55 during the current session. In the last six months the stock's performance soared 22.06% while yearly performance of the company advanced 6.16%.

The mining company posted revenue of $3.34 billion in the period, which also did not meet Street forecasts.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The Relative Volume value measured for Freeport-McMoRan Inc. GWM Advisors LLC boosted its position in shares of Freeport-McMoRan by 24.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Earnings per share serves as an indicator of a company's profitability. Blackrock Institutional Trust Na owns 535,129 shares.

Freeport-McMoRan Inc (NYSE:FCX) opened at 13.10 on Wednesday.

Since the start of the New Year, Freeport-McMoRan Inc. Company's distance from 20 day simple moving average is -5.84% and distance from 50-Day simple moving average is -8.69%. Stock investors bought 41,679 call options on the company. Earnings, adjusted to account for discontinued operations, came to 15 cents per share. The company had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.51 billion.

The present return on equity (ROE) stands at -89.90%, while the debt to equity is at 2.65.

FCX's revenue has declined at an average annualized rate of about -6.6% during the past five years. The stock now shows its YTD (Year to Date) performance of -7.43 percent while its Weekly performance value is -4.08%.

Trump tweets don't help: 1st Twitter revenue drop since IPO
Net loss narrowed to $61.6m, or 9c a share, in the first quarter ended March 31, from $79.7m, or 12c a share, a year earlier. Trump's tweets generate headlines on a daily - if not hourly - basis, ensuring Twitter is constantly in the news cycle.

Freeport-McMoran Copper & Gold, Inc. had its "market perform" rating reiterated by analysts at FBR Capital Markets. If you are reading this piece on another publication, it was illegally copied and republished in violation of U.S. and global copyright & trademark law.

A number of equities research analysts have recently issued reports on FCX shares.

Analysts on average have given a price target of $14.75 to Freeport-McMoRan Inc.

Basically, a price target is an individual analyst's projection on the future price of a stock.

Price to Sale ratio of FCX stands at 1.19 while Price to Book Ratio stands at 2.92. Zacks Investment Research lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a research note on Monday, January 30th. Waters Corporation (NYSE:WAT), at its latest closing price of $171.46, it has a price-to-book ratio of 5.57, compared to an industry average at 3.61.

In other Freeport-McMoRan news, Director Jon C/ Madonna sold 14,000 shares of the stock in a transaction on Wednesday, February 1st. Following the completion of the transaction, the director now directly owns 61,080 shares of the company's stock, valued at $1,014,538.80. Shares for $1.18 million were sold by Conger Harry M. IV. The stock was sold at an average price of $15.24, for a total value of $1,181,100.00. The stock is showing its Operating Margin of -18.7 percent. The disclosure for this sale can be found here.

According to the most recent brokerage reports which have been released state that 1 brokers have issued a rating of "buy", 3 brokers "outperform", 14 brokers "hold", 2 brokers "underperform" and 0 brokers "sell".


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