ArcelorMittal (MT) to Release Earnings on Thursday

ArcelorMittal (NYSE:MT) will release its earnings data before the market opens on Thursday, August 1st. Analysts expect ArcelorMittal to post earnings of $1.12 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.23. The business had revenue of $16.28 billion for the quarter, compared to analysts’ expectations of $16.67 billion. ArcelorMittal had a return on equity of 8.29% and a net margin of 1.15%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. On average, analysts expect ArcelorMittal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ArcelorMittal Price Performance

Shares of ArcelorMittal stock opened at $22.22 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.55 and a quick ratio of 0.65. The business’s 50 day simple moving average is $23.95 and its two-hundred day simple moving average is $25.67. The stock has a market capitalization of $17.89 billion, a P/E ratio of 24.96, a price-to-earnings-growth ratio of 0.36 and a beta of 1.77. ArcelorMittal has a one year low of $21.30 and a one year high of $29.15.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $31.00 price target (down from $34.00) on shares of ArcelorMittal in a research note on Tuesday, April 16th. The Goldman Sachs Group assumed coverage on ArcelorMittal in a research note on Thursday, May 9th. They issued a “neutral” rating and a $29.60 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ArcelorMittal presently has an average rating of “Hold” and an average target price of $30.30.

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.