How were Fortescue's earnings last quarter?

Fortescue Ltd (ASX:FMG) issued its earnings results on Wednesday, February, 20th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. Fortescue had a trailing twelve-month return on equity of 31.55% and a net margin of 31.09%.

How often does Fortescue pay dividends? What is the dividend yield for Fortescue?

Fortescue announced a Interim dividend on Monday, February 26th. Stockholders of record on Tuesday, March 26th will be paid a dividend of 1.08 per share on Tuesday, March 26th. This represents a yield of 3.88%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from the stock's previous Interim dividend of A$0.75. Read our dividend analysis for FMG .

Is Fortescue a good dividend stock?

Fortescue (ASX:FMG) pays an annual dividend of A$2.16 per share and currently has a dividend yield of 8.40%. FMG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for FMG .

What other stocks do shareholders of Fortescue own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortescue investors own include Fortescue (FSUGY) , BHP Group (BHP) , BHP Group (BHP) , Wesfarmers (WES) , Rio Tinto Group (RIO) , Tesla (TSLA) , BHP Group (BHP) , Lynas Rare Earths (LYC) , Newcrest Mining (NCM) and SandRidge Energy (SDOCQ) .

ASX:FMG

Fortescue (FMG) Stock Price, News & Analysis

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Today's Range: N/A
50-Day Range: N/A
52-Week Range: N/A

Volume: 13.48 million shs
Average Volume: N/A
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 8.40%
Price Target: N/A

Stock Analysis

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About Fortescue Stock (ASX:FMG)

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It also develops and produces the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Argentina, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in East Perth, Australia.

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FMG Stock News Headlines

April 18, 2024 | afr.com

Why China could deliver BHP, Rio and FMG a double blow

April 16, 2024 | msn.com

Why aren't big fund managers buying Fortescue shares?

April 19, 2024 | TradingTips (Ad)

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Often, investors will overlook stocks just because they're cheap. It's a common thought that a cheap price tag means that something must be wrong with the company. But this couldn't be further from the case in many instances.

April 15, 2024 | afr.com

Big investors avoid ‘too hard basket’ Fortescue – and miss major rally

April 12, 2024 | finance.yahoo.com

Fortescue Ltd's (ASX:FMG) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

April 11, 2024 | msn.com

FMG 'like kicking a dog when it's down', court hears

April 9, 2024 | msn.com

Fortescue Metals Group's Pilbara mining activity compared to alcohol abuse in court testimony

April 8, 2024 | reuters.com

Australia's Fortescue partners with OCP Group for green energy development in Morocco

April 19, 2024 | TradingTips (Ad)

3 Sub-$10 Stocks to Buy for 2024

April 8, 2024 | msn.com

FMG mine 'damaged' Yindjibarndi traditions, court hears

April 8, 2024 | msn.com

Fortescue shares climb amid Australian first for clean energy

April 7, 2024 | msn.com

Yindjibarndi compensation case returns to court

April 5, 2024 | msn.com

Australian Stocks: Analysts Remain Bearish on Fortescue (FMG) Despite a High Dividend Yield

April 1, 2024 | fool.com.au

Here is the profit forecast to 2026 for Fortescue shares

March 25, 2024 | fool.com.au

Fortescue share price leaps 5% as electric machinery makes a milestone

March 21, 2024 | fool.com.au

Forget Fortescue and buy this iron ore share for a 33% return

March 17, 2024 | fool.com.au

Fortescue shares retreat to fresh 2024 low as iron ore breaks below US$100 per tonne

March 16, 2024 | fool.com.au

Where will Fortescue shares be in 3 years?

March 15, 2024 | msn.com

Fortescue conducts world’s first ammonia bunker trial in Singapore

March 15, 2024 | afr.com

AFR wins top journalism awards

March 15, 2024 | seatrade-maritime.com

World first use of ammonia fuel in trial on Fortescue vessel in Singapore

March 15, 2024 | msn.com

Fortescue conducts world's first ammonia bunker trial in Singapore

March 13, 2024 | fool.com.au

Here's the iron ore price forecast through to 2027

March 8, 2024 | finance.yahoo.com

Magmatic Resources brings Fortescue into the fold at Myall copper-gold play

March 8, 2024 | msn.com

CEO interview: Inside Fortescue's transformation

March 7, 2024 | afr.com

Fortescue strikes NSW copper punt with explorer

March 7, 2024 | au.investing.com

Magmatic Resources draws mining giant Fortescue into farm-in and JV for Myall Project

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Company Calendar

Last Earnings: 2/20/2019
Ex-Dividend for 3/26 Dividend: 2/27/2024
Dividend Payable: 3/26/2024
Today: 4/18/2024

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Industry, Sector and Symbol

Stock Exchange: ASX
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Sub-Industry: N/A
Current Symbol: ASX:FMG
CUSIP: N/A
CIK: N/A
Web: fmgl.com.au
Phone: +61-8-62188888
Fax: N/A
Employees: 13,690
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): A$2.86
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: -0.18
Net Income: $5.77 billion
Net Margins: 31.09%
Pretax Margin: N/A
Return on Equity: 31.55%
Return on Assets: 20.71%

Debt

Debt-to-Equity Ratio: 27.41
Current Ratio: 2.84
Quick Ratio: 2.36

Sales & Book Value

Annual Sales: $18.55 billion
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 11.31
Book Value: A$6.30 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 3,080,000,000
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 0.88

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Key Executives

Dr. John Andrew Henry Forrest A.O. (Age 62)
AICD, BA, FAusIMM, Founder & Executive Chairman of the Board
Mr. Dino Otranto
Chief Executive Officer
Ms. Elizabeth Anne Gaines CA (Age 61)
Global Ambassador & Executive Director
Comp: $5.14M
Dr. Richard Mark Hutchinson B.Com. (Age 58)
Chief Executive Officer of Fortescue Energy
Comp: $3.33M
Ms. Apple Paget
Acting Chief Financial Officer
Mr. Andrew Driscoll
General Manager of Investor Relations
Mr. Philip James McKeiver
Chief General Counsel & Company Secretary
Ms. Shelley Maree Robertson BSc(Eng)
GradDip(IT), MBA, MEngSc, Chief Corporate Officer
Mr. Eamon Harmon
General Manager of Exploration
Rael McNally
Managing Director of Fortescue Capital

Key Competitors

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Insiders

FMG Stock Analysis - Frequently Asked Questions

How were Fortescue's earnings last quarter?: Fortescue Ltd (ASX:FMG) issued its earnings results on Wednesday, February, 20th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. Fortescue had a trailing twelve-month return on equity of 31.55% and a net margin of 31.09%.
How often does Fortescue pay dividends? What is the dividend yield for Fortescue?: Fortescue announced a Interim dividend on Monday, February 26th. Stockholders of record on Tuesday, March 26th will be paid a dividend of 1.08 per share on Tuesday, March 26th. This represents a yield of 3.88%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from the stock's previous Interim dividend of A$0.75.
Read our dividend analysis for FMG.
Is Fortescue a good dividend stock?: Fortescue (ASX:FMG) pays an annual dividend of A$2.16 per share and currently has a dividend yield of 8.40%. FMG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.52%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for FMG.
What other stocks do shareholders of Fortescue own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Fortescue investors own include Fortescue (FSUGY), BHP Group (BHP), BHP Group (BHP), Wesfarmers (WES), Rio Tinto Group (RIO), Tesla (TSLA), BHP Group (BHP), Lynas Rare Earths (LYC), Newcrest Mining (NCM) and SandRidge Energy (SDOCQ).

This page (ASX:FMG) was last updated on 4/19/2024 by MarketBeat.com Staff

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