In the latest session, Freeport-McMoRan Inc (NYSE: FCX) closed at $50.74 down -0.35% from its previous closing price of $50.92. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 12971741 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 12.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 159.96. 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.
Bernstein Upgraded its Mkt Perform to Outperform on January 08, 2024, whereas the target price for the stock was revised from $41 to $48.50.
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 72.78B and an Enterprise Value of 77.88B. As of this moment, Freeport-McMoRan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.97, and their Forward P/E ratio for the next fiscal year is 23.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.21 while its Price-to-Book (P/B) ratio in mrq is 4.36. Its current Enterprise Value per Revenue stands at 3.41 whereas that against EBITDA is 9.07.
Stock Price History:
Over the past 52 weeks, FCX has reached a high of $52.03, while it has fallen to a 52-week low of $32.77. The 50-Day Moving Average of the stock is 42.15, while the 200-Day Moving Average is calculated to be 39.67.
Shares Statistics:
For the past three months, FCX has traded an average of 13.88M shares per day and 17.1M 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 Mar 28, 2024 were 18.09M with a Short Ratio of 1.30, compared to 15.21M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.26% and a Short% of Float of 1.27%.
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 1.18%, it implies a Forward Annual Dividend Yield of 1.18%. 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 May 01, 2024 with an ex-dividend date of Apr 12, 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 12 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.41 and a low estimate of $0.18, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.31, with high estimates of $0.4 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.84 and $1.01 for the fiscal current year, implying an average EPS of $1.4. EPS for the following year is $1.91, with 18 analysts recommending between $2.92 and $1.24.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $5.19B this quarter.It ranges from a high estimate of $5.49B to a low estimate of $4.87B. As of the current estimate, Freeport-McMoRan Inc’s year-ago sales were $5.39B, an estimated decrease of -3.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $5.26B, a decrease of -8.30% less than the figure of -$3.70% in the same quarter last year. There is a high estimate of $5.72B for the next quarter, whereas the lowest estimate is $4.91B.
A total of 16 analysts have provided revenue estimates for FCX’s current fiscal year. The highest revenue estimate was $24.07B, while the lowest revenue estimate was $19.63B, resulting in an average revenue estimate of $22.16B. In the same quarter a year ago, actual revenue was $21.05B, up 5.30% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $23.72B in the next fiscal year. The high estimate is $29.86B and the low estimate is $19.86B. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
