In the latest session, Freeport-McMoRan Inc (NYSE: FCX) closed at $40.36 down -0.15% from its previous closing price of $40.42. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 8837585 shares were traded.
Ratios:
For a deeper understanding of Freeport-McMoRan Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 127.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 2.42. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.54.
On January 08, 2024, Bernstein Upgraded its rating to Outperform which previously was Mkt Perform and also upped its target price recommendation from $41 to $48.50.
On October 17, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $42.JP Morgan initiated its Neutral rating on October 17, 2023, with a $42 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 12 ’23 when Lewis Sara Grootwassink bought 4,000 shares for $34.90 per share. The transaction valued at 139,597 led to the insider holds 17,800 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FCX now has a Market Capitalization of 57.89B and an Enterprise Value of 62.99B. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.79, and their Forward P/E ratio for the next fiscal year is 19.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 3.47. Its current Enterprise Value per Revenue stands at 2.76 whereas that against EBITDA is 7.33.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $44.53, while it has fallen to a 52-week low of $32.77. The 50-Day Moving Average of the stock is 39.30, while the 200-Day Moving Average is calculated to be 38.69.
Shares Statistics:
For the past three months, FCX has traded an average of 12.13M shares per day and 11.02M over the past ten days. A total of 1.44B shares are outstanding, with a floating share count of 1.41B. Insiders hold about 1.66% of the company’s shares, while institutions hold 80.51% stake in the company. Shares short for FCX as of Feb 29, 2024 were 15.21M with a Short Ratio of 1.25, compared to 14.33M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.06% and a Short% of Float of 1.07%.
Dividends & Splits
According to the company, the forward annual dividend rate for FCX is 0.30, from 0.60 in the trailing year. Against a Trailing Annual Dividend Yield of 1.48%, it implies a Forward Annual Dividend Yield of 1.49%. The stock’s 5-year Average Dividend Yield is 3.73. The current Payout Ratio is 23.50% for FCX, which recently paid a dividend on Feb 01, 2024 with an ex-dividend date of Jan 11, 2024. Stock splits for the company last occurred on Feb 02, 2011 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.26, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.36, with high estimates of $0.48 and low estimates of $0.27.
Analysts are recommending an EPS of between $2.09 and $1.15 for the fiscal current year, implying an average EPS of $1.6. EPS for the following year is $2.14, with 15 analysts recommending between $3.36 and $1.27.
Revenue Estimates
A total of 3 analysts believe the company’s revenue will be $5.68B this quarter.It ranges from a high estimate of $5.99B to a low estimate of $5.29B. As of the current estimate, Freeport-McMoRan Inc’s year-ago sales were $5.39B, an estimated increase of 5.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $5.46B, a decrease of -4.90% less than the figure of $5.40% in the same quarter last year. There is a high estimate of $5.58B for the next quarter, whereas the lowest estimate is $5.33B.
A total of 14 analysts have provided revenue estimates for FCX’s current fiscal year. The highest revenue estimate was $25.32B, while the lowest revenue estimate was $21.32B, resulting in an average revenue estimate of $23.62B. In the same quarter a year ago, actual revenue was $22.86B, up 3.30% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $25.14B in the next fiscal year. The high estimate is $32.42B and the low estimate is $21.57B. The average revenue growth estimate for next year is up 6.50% from the average revenue estimate for this year.
