FY2018 EPS Estimates for Fortescue Metals G Raised by Jefferies Group (FSUGY)

Fortescue Metals G (OTCMKTS:FSUGY) – Equities research analysts at Jefferies Group raised their FY2018 earnings estimates for shares of Fortescue Metals G in a note issued to investors on Friday. Jefferies Group analyst C. Lafemina now expects that the company will post earnings of $0.84 per share for the year, up from their previous forecast of $0.82.

Separately, Zacks Investment Research lowered shares of Fortescue Metals G from a “buy” rating to a “sell” rating in a research note on Wednesday, September 13th.

Fortescue Metals G (FSUGY) traded down $0.23 during trading on Monday, reaching $8.27. 5,305 shares of the company’s stock traded hands, compared to its average volume of 40,654. The company has a current ratio of 1.18, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. Fortescue Metals G has a 1 year low of $6.81 and a 1 year high of $11.12.

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About Fortescue Metals G

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges of Pilbara, Western Australia.

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