ArcelorMittal (MT) Scheduled to Post Quarterly Earnings on Thursday


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ArcelorMittal (NYSE:MT) will be releasing its earnings data before the market opens on Thursday, May 6th. Analysts expect ArcelorMittal to post earnings of $1.57 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ArcelorMittal (NYSE:MT) last released its earnings results on Sunday, February 14th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.11. ArcelorMittal had a negative return on equity of 3.57% and a negative net margin of 7.00%. The company had revenue of $14.18 billion during the quarter, compared to analyst estimates of $15.72 billion. On average, analysts expect ArcelorMittal to post $-1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE:MT opened at $30.20 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.72 and a debt-to-equity ratio of 0.26. ArcelorMittal has a 1 year low of $7.58 and a 1 year high of $31.49. The business has a fifty day simple moving average of $28.97 and a 200 day simple moving average of $22.92. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of -8.21 and a beta of 2.07.

Several analysts recently issued reports on the company. Credit Suisse Group reiterated a “neutral” rating on shares of ArcelorMittal in a report on Friday, February 12th. Morgan Stanley restated an “overweight” rating on shares of ArcelorMittal in a report on Friday, April 9th. KeyCorp raised their target price on ArcelorMittal from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, March 15th. Deutsche Bank Aktiengesellschaft raised their target price on ArcelorMittal from $30.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, April 13th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of ArcelorMittal in a report on Thursday, April 15th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. ArcelorMittal currently has a consensus rating of “Buy” and an average target price of $23.40.

In other ArcelorMittal news, major shareholder Arcelormittal sold 40,000,000 shares of the firm’s stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $16.12, for a total transaction of $644,800,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by company insiders.

An institutional investor recently bought a new position in ArcelorMittal stock. OLD Mission Capital LLC bought a new position in shares of ArcelorMittal (NYSE:MT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 98,929 shares of the basic materials company’s stock, valued at approximately $1,311,000. Institutional investors own 4.82% of the company’s stock.

ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company's principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.

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Earnings History for ArcelorMittal (NYSE:MT)

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