Freeport-McMoRan (NYSE:FCX) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Wednesday, October 25th. The natural resource company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Freeport-McMoRan had a net margin of 6.20% and a return on equity of 13.35%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. On average, analysts expect Freeport-McMoRan to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Freeport-McMoRan (NYSE:FCX) opened at $19.75 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 1.23. The company has a market cap of $28,580.00, a P/E ratio of 27.43 and a beta of 2.51. Freeport-McMoRan has a fifty-two week low of $11.05 and a fifty-two week high of $20.07.

FCX has been the subject of several research reports. Zacks Investment Research upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, November 14th. ValuEngine upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Jefferies Group restated a “buy” rating and set a $19.00 price target (down from $23.00) on shares of Freeport-McMoRan in a report on Wednesday, October 4th. Morgan Stanley upgraded shares of Freeport-McMoRan from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $10.00 to $14.00 in a report on Monday, December 11th. Finally, Royal Bank of Canada set a $14.00 price target on shares of Freeport-McMoRan and gave the stock a “hold” rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Freeport-McMoRan currently has a consensus rating of “Hold” and a consensus target price of $15.80.

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About Freeport-McMoRan

Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

Earnings History for Freeport-McMoRan (NYSE:FCX)

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