ArcelorMittal (NYSE:MT – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect ArcelorMittal to post earnings of $1.00 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
ArcelorMittal (NYSE:MT – Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported ($3.57) earnings per share for the quarter, missing the consensus estimate of ($2.08) by ($1.49). The company had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $16.39 billion. ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. ArcelorMittal’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. On average, analysts expect ArcelorMittal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
ArcelorMittal Trading Down 2.9 %
NYSE:MT opened at $25.02 on Wednesday. The stock has a 50-day simple moving average of $26.44 and a 200-day simple moving average of $25.98. The stock has a market cap of $20.15 billion, a P/E ratio of 25.02, a P/E/G ratio of 0.39 and a beta of 1.93. ArcelorMittal has a 1 year low of $21.30 and a 1 year high of $29.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.67 and a current ratio of 1.53.
ArcelorMittal Dividend Announcement
Analysts Set New Price Targets
MT has been the subject of a number of research analyst reports. StockNews.com cut ArcelorMittal from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $31.00 price objective (down from $34.00) on shares of ArcelorMittal in a research note on Tuesday, April 16th.
Check Out Our Latest Analysis on MT
About ArcelorMittal
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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