Cleveland-Cliffs (CLF) Scheduled to Post Quarterly Earnings on Friday

Cleveland-Cliffs (NYSE:CLF) will be issuing its quarterly earnings data before the market opens on Friday, April 20th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

Cleveland-Cliffs (NYSE:CLF) last posted its earnings results on Thursday, January 25th. The mining company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.11. Cleveland-Cliffs had a net margin of 16.09% and a negative return on equity of 35.81%. The firm had revenue of $600.90 million during the quarter, compared to the consensus estimate of $612.50 million. During the same quarter last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was down 20.3% on a year-over-year basis. On average, analysts expect Cleveland-Cliffs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Cleveland-Cliffs stock opened at $6.94 on Friday. Cleveland-Cliffs has a fifty-two week low of $5.56 and a fifty-two week high of $9.15. The company has a debt-to-equity ratio of -5.19, a current ratio of 3.42 and a quick ratio of 2.80. The company has a market capitalization of $2,084.78, a P/E ratio of 13.88 and a beta of 1.62.

CLF has been the subject of several research reports. Goldman Sachs initiated coverage on shares of Cleveland-Cliffs in a report on Tuesday, March 20th. They issued a “neutral” rating and a $8.00 target price for the company. Credit Suisse Group upgraded shares of Cleveland-Cliffs from an “underperform” rating to an “outperform” rating in a report on Wednesday, February 7th. B. Riley reiterated a “buy” rating and issued a $11.00 target price on shares of Cleveland-Cliffs in a report on Friday, January 26th. Vertical Group upgraded shares of Cleveland-Cliffs from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Cleveland-Cliffs from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Cleveland-Cliffs presently has an average rating of “Hold” and an average price target of $9.54.

In other Cleveland-Cliffs news, Director Susan Miranda Green sold 11,305 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $7.62, for a total value of $86,144.10. Following the completion of the transaction, the director now owns 60,367 shares in the company, valued at $459,996.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.

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Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc operates as an iron ore mining company in the United States. The company operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

Earnings History for Cleveland-Cliffs (NYSE:CLF)

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