Freeport (FCX) Misses Q1 Earnings & Sales Estimates
- Author: Ronnie Bowen Apr 27, 2017,
Apr 27, 2017, 2:17
An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels.
A number of other brokerages have also issued reports on FCX. When actual numbers differ greatly from the consensus expectations, sharp movement in the stock price can often be seen in the hours or days following the report. Kistler has 0.01% invested in Freeport-McMoRan Inc (NYSE:FCX). Zacks Investment Research lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a research note on Monday, January 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock.
Looking ahead, FCX cut its 2017 cash flow guidance to $4.0 billion, down from $4.3 billion, citing weakening metal prices. Freeport-McMoRan shares have dropped 25.9% over the last three months, compared with a 3.3% rise in the S&P 500.
FCX has a 1-year high price of $ 17.06 and 1-year low price of $9.24. The company's quarterly revenue was down 5.3% on a year-over-year basis. The stock has a 50 day moving average of $12.82 and a 200 day moving average of $13.62. The stock has relative volume of 1.65.
Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. The stock presently has an average rating of "Hold" and an average target price of $13.72.
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For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.23 per share according to consensus of 17 analysts. The company now has a Return on Equity (ROE) of -89.90% and a Return on Investment (ROI) of -14.20%.
Revenue notched up to $3.34 billion in the quarter, slightly lagging analysts' average estimate of $3.46 billion.
The company reported an impressive total revenue of 14.83 Billion in the last fiscal year. Its last 5-Year EPS growth stands at -18.70% with earnings growth of -106.30% yoy.
Freeport-McMoRan Inc. has a Gross Margin score of 52. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and worldwide copyright and trademark legislation.
Shares of Yamana Gold Inc. There is no concrete way to calculate a price target. The mean rating score for this stock is at 1.90. The number of shares now owned by investors are 1.43 bln. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Harry M. Iv Conger sold 77,500 shares of the firm's stock in a transaction dated Thursday, February 16th. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Following the sale, the vice president now owns 60,989 shares in the company, valued at approximately $928,252.58. The disclosure for this sale can be found here. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. During the same period in the prior year, the business posted ($0.16) earnings per share. Meeder Asset Management Inc. increased its stake in Freeport-McMoRan by 7,290.0% in the third quarter. Guardian Investment Management's holdings in Freeport-McMoRan were worth $498,000 as of its most recent filing with the SEC. (NASDAQ:FFIV) shares have recently provided various price target projections on where the stock might be going. The median estimate represents a 6.87% increase from the last price. Few stocks performed better than Teck a year ago, as industrial commodity prices unexpectedly bounced off a long-term bottom, but shares have been range-bound since the US election.