KeyCorp Predicts ArcelorMittal’s FY2025 Earnings (NYSE:MT)

ArcelorMittal S.A. (NYSE:MT) – Stock analysts at KeyCorp issued their FY2025 earnings estimates for shares of ArcelorMittal in a report released on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $3.27 per share for the year. The consensus estimate for ArcelorMittal’s current full-year earnings is $2.79 per share.

ArcelorMittal (NYSE:MT) last announced its earnings results on Thursday, November 7th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05. The business had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.11 billion. ArcelorMittal had a negative net margin of 1.99% and a positive return on equity of 5.26%. ArcelorMittal’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS.

Other analysts also recently issued research reports about the stock. Bank of America raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $32.90 in a report on Thursday, November 14th. JPMorgan Chase & Co. cut shares of ArcelorMittal from an “overweight” rating to a “neutral” rating in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, ArcelorMittal presently has an average rating of “Moderate Buy” and a consensus price target of $31.17.

ArcelorMittal Stock Performance

Shares of MT stock opened at $23.29 on Thursday. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of -16.52, a PEG ratio of 0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 1.46. The company has a 50-day simple moving average of $23.92 and a 200 day simple moving average of $23.67. ArcelorMittal has a 52 week low of $20.52 and a 52 week high of $28.95.

Hedge Funds Weigh In On ArcelorMittal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in shares of ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 536 shares during the last quarter. GAMMA Investing LLC grew its holdings in ArcelorMittal by 68.5% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 595 shares during the period. Park Avenue Securities LLC acquired a new stake in ArcelorMittal in the fourth quarter worth $212,000. Rhumbline Advisers grew its holdings in ArcelorMittal by 6.8% in the second quarter. Rhumbline Advisers now owns 9,633 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 610 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in ArcelorMittal in the fourth quarter worth $233,000. 9.29% of the stock is currently owned by institutional investors and hedge funds.

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.