Equities analysts predict that ArcelorMittal SA (NYSE:MT) will post ($0.36) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for ArcelorMittal’s earnings. ArcelorMittal posted earnings per share of $1.31 in the same quarter last year, which would suggest a negative year over year growth rate of 127.5%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, February 6th.

On average, analysts expect that ArcelorMittal will report full-year earnings of ($0.39) per share for the current year, with EPS estimates ranging from ($0.60) to $0.00. For the next year, analysts forecast that the business will report earnings of $1.57 per share, with EPS estimates ranging from $0.73 to $2.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover ArcelorMittal.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.24). ArcelorMittal had a return on equity of 4.20% and a net margin of 0.85%. The business had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $16.70 billion. During the same period in the previous year, the company posted $0.89 EPS. ArcelorMittal’s revenue for the quarter was down 10.2% on a year-over-year basis.

Several equities research analysts have recently weighed in on the stock. Commerzbank cut shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Societe Generale cut shares of ArcelorMittal from a “buy” rating to a “sell” rating in a research report on Tuesday, November 5th. UBS Group raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating in a research report on Monday, November 11th. ValuEngine raised shares of ArcelorMittal from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Zacks Investment Research cut shares of ArcelorMittal from a “hold” rating to a “sell” rating and set a $15.00 price target for the company. in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. ArcelorMittal currently has a consensus rating of “Hold” and an average target price of $21.00.

A number of large investors have recently bought and sold shares of MT. Highline Capital Management L.P. purchased a new stake in ArcelorMittal during the second quarter valued at approximately $56,117,000. Luminus Management LLC lifted its position in ArcelorMittal by 116.1% during the second quarter. Luminus Management LLC now owns 3,729,282 shares of the basic materials company’s stock valued at $67,239,000 after acquiring an additional 2,003,515 shares during the last quarter. Renaissance Technologies LLC lifted its position in ArcelorMittal by 192.1% during the second quarter. Renaissance Technologies LLC now owns 2,349,300 shares of the basic materials company’s stock valued at $42,358,000 after acquiring an additional 1,545,029 shares during the last quarter. Millennium Management LLC lifted its position in ArcelorMittal by 4,348.4% during the third quarter. Millennium Management LLC now owns 696,487 shares of the basic materials company’s stock valued at $9,917,000 after acquiring an additional 680,830 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in ArcelorMittal by 14.2% during the third quarter. Parametric Portfolio Associates LLC now owns 963,639 shares of the basic materials company’s stock valued at $13,722,000 after acquiring an additional 119,572 shares during the last quarter. 2.64% of the stock is owned by institutional investors.

Shares of MT traded down $0.12 during mid-day trading on Tuesday, hitting $16.87. The company’s stock had a trading volume of 2,109,900 shares, compared to its average volume of 2,379,756. The company’s 50-day moving average is $17.47 and its 200-day moving average is $15.92. ArcelorMittal has a 52-week low of $12.53 and a 52-week high of $24.24. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 2.93 and a beta of 2.47. The company has a current ratio of 1.42, a quick ratio of 0.52 and a debt-to-equity ratio of 0.26.

ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.

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