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.
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.
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