ArcelorMittal S.A. (NYSE:MT – Get Free Report) declared a Semi-Annual dividend on Monday, April 15th, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.213 per share by the basic materials company on Wednesday, June 12th. The ex-dividend date is Thursday, May 16th.
ArcelorMittal Stock Down 6.6 %
Shares of MT stock opened at $25.18 on Wednesday. ArcelorMittal has a one year low of $21.30 and a one year high of $30.15. The stock has a fifty day moving average price of $26.90 and a 200 day moving average price of $25.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market cap of $20.28 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 0.34 and a beta of 1.93.
ArcelorMittal (NYSE:MT – Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported ($3.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.08) by ($1.49). ArcelorMittal had a net margin of 1.35% and a return on equity of 8.55%. The business had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $16.39 billion. During the same quarter last year, the company posted $1.37 EPS. The firm’s revenue was down 13.8% on a year-over-year basis. Analysts predict that ArcelorMittal will post 4.37 earnings per share for the current year.
Institutional Trading of ArcelorMittal
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. StockNews.com cut ArcelorMittal from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target (down previously from $34.00) on shares of ArcelorMittal in a research report on Tuesday.
Read Our Latest Stock Analysis on MT
ArcelorMittal Company Profile
ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including 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 consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.
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