How Have Freeport-McMoRan Inc. (FCX) Earnings Estimates Changed?


Earnings-per-share (EPS) ratio for FCX is 0.72, exhibiting the allocation of the profit to each of its outstanding share of common stock. Vanguard Group Inc. now owns 139,502,519 shares of the natural resource company's stock valued at $1,675,425,000 after purchasing an additional 6,510,840 shares during the period. (FCX) has a market cap of $28.68 billion and over the last 12 months, Freeport-McMoRan Inc. After having $0.34 EPS previously, Freeport-McMoRan Inc.'s analysts see 26.47% EPS growth. About 7.99M shares traded. It has underperformed by 14.18% the S&P500.

Reid Walker increased its stake in Range Res Corp (RRC) by 96.99% based on its latest 2017Q3 regulatory filing with the SEC. Southernsun Asset Management Llc who had been investing in Knowles Corporation for a number of months, seems to be bullish on the $1.40 billion market cap company. (NYSE:FCX). Longer Invests owns 133,815 shares. It closed at $79.25 lastly. It has underperformed by 52.75% the S&P500.

When we look at the Analyst Recommendations of the stock, the company has 3.29 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 22% are positive. In current trading day Freeport-McMoRan Inc. The stock has "Underweight" rating by Morgan Stanley on Wednesday, September 14. Deutsche Bank maintained Freeport-McMoRan Inc. FCX is the world's largest publicly traded copper producer.

Several other research analysts also recently commented on the stock. The rating was maintained by Canaccord Genuity with "Buy" on Thursday, August 24. The count of Hold ratings in that period was 3. (NYSE:FCX) earned "Market Perform" rating by BMO Capital Markets on Wednesday, July 26. As per Wednesday, July 12, the company rating was downgraded by Berenberg. Teachers Retirement Systems Of The State Of Kentucky has 0.02% invested in Freeport-McMoRan Inc. CIBC initiated coverage on Freeport-McMoRan in a research report on Friday, September 15th. The natural resource company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.03. The company's revenue was up 11.2% on a year-over-year basis. sell-side analysts expect that Freeport-McMoRan Inc will post 1.09 earnings per share for the current year. Abbot Financial Management Inc. acquired a new stake in shares of Freeport-McMoRan during the second quarter worth about $142,000.

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Investors sentiment is 1 in 2017 Q3. Its the same as in 2017Q2.

A number of other large investors also recently added to or reduced their stakes in FCX. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported. Perritt Capital Mgmt has invested 0.09% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Bokf Na holds 0% or 10,933 shares. Vantage Inv Advsrs Limited Company owns 2,726 shares for 0.01% of their portfolio. (NYSE:FCX). Susquehanna Grp Llp has 2.68 million shares for 0.02% of their portfolio. Columbus Circle invested 0.04% of its portfolio in Henry Schein, Inc. Moreover, Icahn Carl C has 5.1% invested in Freeport-McMoRan Inc. (NYSE:FCX) on Monday, October 17 with "Underperform" rating. Fukoku Mutual Life Insurance invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX) for 3.90M shares. Highlander Capital Lc, New Jersey-based fund reported 500 shares. Commonwealth Equity Serv reported 0.02% in Freeport-McMoRan Inc. FBR Capital maintained Freeport-McMoRan Inc.

Since August 21, 2017, it had 0 insider purchases, and 1 insider sale for $15,435 activity. First Manhattan holds 1,336 shares or 0% of its portfolio. Its up 0.13, from 0.9 in 2017Q2. It increased, as 47 investors sold HSIC shares while 15 reduced holdings. 71 funds opened positions while 145 raised stakes. 279.70 million shares or 306.41% more from 68.82 million shares in 2017Q2 were reported. Gemmer Asset Lc has 346 shares for 0.01% of their portfolio. Cim Invest Mangement has 10,562 shares. (NASDAQ:HSIC). Raymond James And holds 0.03% or 201,122 shares in its portfolio. Wealthtrust reported 0.01% stake. 20,117 were accumulated by Brinker Capital. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.09% or 682,746 shares. The stock decreased 0.09% or $0.08 during the last trading session, reaching $91.36.

Prince Street Capital Management Llc increased Ishares Tr (Put) (EEM) stake by 590,000 shares to 2.14M valued at $95.89M in 2017Q3. A ratio of 1.5 will suggest that the company has $1.5 of liquid assets available to pay off $1 of its current liabilities. Cleararc holds 23,953 shares or 0.14% of its portfolio. 11,653 are held by Cmt Asset Mngmt Limited.