Factors Likely to Have Influenced Earnings Results Southern Copper (NYSE:SCCO)

Earnings results for Southern Copper (NYSE:SCCO)

Southern Copper Corporation is estimated to report earnings on 10/23/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 0 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.49. The reported EPS for the same quarter last year was $0.5.

Southern Copper last released its earnings results on July 28th, 2020. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. The business earned $1.79 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Southern Copper has generated $1.92 earnings per share over the last year and currently has a price-to-earnings ratio of 33.1. Southern Copper has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, October 23rd, 2020 based off prior year’s report dates.

Analyst Opinion on Southern Copper (NYSE:SCCO)

8 Wall Street analysts have issued ratings and price targets for Southern Copper in the last 12 months. Their average twelve-month price target is $36.83, predicting that the stock has a possible downside of 26.73%. The high price target for SCCO is $45.00 and the low price target for SCCO is $24.00. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Southern Copper has received a consensus rating of Hold. The company’s average rating score is 1.63, and is based on 1 buy rating, 3 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $36.83, Southern Copper has a forecasted downside of 26.7% from its current price of $50.27. Southern Copper has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Southern Copper (NYSE:SCCO)

Southern Copper pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends. Southern Copper has only been increasing its dividend for 1 years. The dividend payout ratio of Southern Copper is 83.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Southern Copper will have a dividend payout ratio of 67.80% next year. This indicates that Southern Copper will be able to sustain or increase its dividend.

Insiders buying/selling: Southern Copper (NYSE:SCCO)

In the past three months, Southern Copper insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $63,140.00 in company stock. Only 0.46% of the stock of Southern Copper is held by insiders. Only 6.94% of the stock of Southern Copper is held by institutions.

Earnings and Valuation of Southern Copper (NYSE:SCCO

Earnings for Southern Copper are expected to grow by 48.43% in the coming year, from $1.59 to $2.36 per share. The P/E ratio of Southern Copper is 33.07, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.48. The P/E ratio of Southern Copper is 33.07, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 38.58. Southern Copper has a PEG Ratio of 1.99. PEG Ratios above 1 indicate that a company could be overvalued. Southern Copper has a P/B Ratio of 5.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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