Freeport-McMoRan (FCX) to Release Quarterly Earnings on Thursday

Key Points

• Freeport-McMoRan (FCX) will report Q1 2026 results before the market opens on Thursday, April 23; analysts expect $0.657 EPS and $6.396B revenue, with a conference call at 10:00 AM ET.
• The company declared a quarterly dividend of $0.075 per share (annualized $0.30, ~0.4% yield), with an ex-dividend date of April 15 and payment on May 1.
• Market view: FCX carries a consensus rating of Moderate Buy with a $66.26 target; while some firms raised price targets, insiders sold about 565,145 shares recently and institutional ownership is roughly 80.8%.

Freeport-McMoRan (NYSE:FCX - Get Free Report) is expected to issue its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect the company to announce earnings of $0.6570 per share and revenue of $6.3956 billion for the quarter. Parties can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Thursday, April 23, 2026 at 10:00 AM ET.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the company earned $0.31 EPS. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect Freeport-McMoRan to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Freeport-McMoRan Price Performance

Shares of FCX opened at $68.59 on Thursday. Freeport-McMoRan has a twelve month low of $32.12 and a twelve month high of $69.75. The stock's 50 day moving average is $61.83 and its two-hundred day moving average is $52.52. The firm has a market capitalization of $98.58 billion, a PE ratio of 45.43, a P/E/G ratio of 0.81 and a beta of 1.48. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, April 15th. Freeport-McMoRan's dividend payout ratio (DPR) is presently 19.87%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FCX. BMO Capital Markets lifted their price target on shares of Freeport-McMoRan from $55.00 to $68.00 and gave the company an "outperform" rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of Freeport-McMoRan from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Argus upgraded shares of Freeport-McMoRan from a "hold" rating to a "buy" rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Freeport-McMoRan from $58.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.26.

Insider Activity

In related news, Chairman Richard C. Adkerson sold 248,031 shares of Freeport-McMoRan stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $62.80, for a total transaction of $15,576,346.80. Following the completion of the transaction, the chairman directly owned 3,509,119 shares in the company, valued at $220,372,673.20. The trade was a 6.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Douglas N. Currault II sold 75,000 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total value of $4,839,000.00. Following the transaction, the executive vice president owned 219,181 shares of the company's stock, valued at $14,141,558.12. This represents a 25.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 565,145 shares of company stock worth $35,839,918. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Amundi raised its holdings in Freeport-McMoRan by 102.5% in the 4th quarter. Amundi now owns 14,211,579 shares of the natural resource company's stock valued at $721,806,000 after acquiring an additional 7,192,955 shares during the last quarter. PointState Capital LP acquired a new position in Freeport-McMoRan in the 4th quarter valued at $198,523,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Freeport-McMoRan in the 4th quarter valued at $185,379,000. Marshall Wace LLP raised its holdings in Freeport-McMoRan by 1,758.2% in the 4th quarter. Marshall Wace LLP now owns 3,636,150 shares of the natural resource company's stock valued at $184,680,000 after acquiring an additional 3,440,472 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Freeport-McMoRan by 10.1% in the 4th quarter. Morgan Stanley now owns 34,262,241 shares of the natural resource company's stock valued at $1,740,179,000 after acquiring an additional 3,130,046 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.