ArcelorMittal (MT) Expected to Announce Quarterly Earnings on Thursday

ArcelorMittal (NYSE:MT) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect ArcelorMittal to post earnings of $0.61 per share and revenue of $15.15 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $15.20 billion during the quarter, compared to analysts’ expectations of $15.11 billion. ArcelorMittal had a negative net margin of 1.99% and a positive return on equity of 5.26%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. On average, analysts expect ArcelorMittal to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ArcelorMittal Stock Down 1.5 %

MT stock opened at $24.34 on Tuesday. ArcelorMittal has a one year low of $20.52 and a one year high of $28.95. The firm has a market cap of $19.94 billion, a PE ratio of -17.26, a PEG ratio of 0.49 and a beta of 1.74. The firm’s 50 day moving average price is $23.86 and its 200-day moving average price is $23.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 1.46.

Wall Street Analysts Forecast Growth

MT has been the topic of several recent analyst reports. Bank of America raised ArcelorMittal from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $32.90 in a research note 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.17.

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.