What is Erste Group Bank's Estimate for FCX FY2026 Earnings?

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for Freeport-McMoRan to $3.19 from $3.10 and maintained a “Buy” rating, above the $2.99 consensus estimate.
• Freeport-McMoRan recently reported quarterly EPS of $0.74, beating expectations of $0.62, while revenue reached $7.03 billion but declined 7.3% year over year.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus rating and an average price target of $76.27; the company also declared a $0.075 quarterly dividend.

Freeport-McMoRan Inc. (NYSE:FCX - Free Report) - Stock analysts at Erste Group Bank increased their FY2026 EPS estimates for Freeport-McMoRan in a research report issued to clients and investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the natural resource company will earn $3.19 per share for the year, up from their previous forecast of $3.10. Erste Group Bank currently has a "Buy" rating on the stock. The consensus estimate for Freeport-McMoRan's current full-year earnings is $2.99 per share.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.12. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The firm's quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the business posted $0.54 earnings per share.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group reissued a "buy" rating on shares of Freeport-McMoRan in a research note on Thursday, September 10th. Bank of America boosted their price target on Freeport-McMoRan from $74.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, July 9th. UBS Group upped their price objective on Freeport-McMoRan from $77.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, October 8th. Stifel Nicolaus increased their price objective on Freeport-McMoRan from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lifted their target price on Freeport-McMoRan from $77.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.27.

Freeport-McMoRan Price Performance

Shares of NYSE FCX opened at $64.50 on Friday. The firm has a market cap of $92.62 billion, a PE ratio of 31.77, a PEG ratio of 0.63 and a beta of 1.39. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Freeport-McMoRan has a 1-year low of $38.54 and a 1-year high of $80.24. The company has a fifty day moving average price of $72.04 and a 200 day moving average price of $66.91.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. NBH Bank bought a new position in shares of Freeport-McMoRan in the second quarter valued at $28,000. Cassaday & Co Wealth Management LLC acquired a new stake in Freeport-McMoRan in the first quarter valued at $29,000. Financial Life Planners bought a new position in shares of Freeport-McMoRan in the 1st quarter valued at about $34,000. Roxbury Financial LLC grew its position in shares of Freeport-McMoRan by 196.5% in the 2nd quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company's stock valued at $37,000 after acquiring an additional 393 shares during the period. Finally, SHP Wealth Management acquired a new position in shares of Freeport-McMoRan during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 80.77% of the company's stock.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie Mikes sold 4,773 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $334,110.00. Following the sale, the chief accounting officer directly owned 36,000 shares of the company's stock, valued at $2,520,000. The trade was a 11.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Douglas Currault, II sold 80,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president owned 211,016 shares of the company's stock, valued at approximately $16,577,416.96. This represents a 27.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 110,398 shares of company stock valued at $8,387,271 over the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a $0.0750 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan's dividend payout ratio (DPR) is 14.78%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc NYSE: FCX is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.

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