ArcelorMittal (MT) to Release Earnings on Thursday

ArcelorMittal (NYSE:MT) will post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.00 per share for the quarter.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing the consensus estimate of ($2.08) by ($1.49). ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The company had revenue of $14.55 billion for the quarter, compared to analyst estimates of $16.39 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. ArcelorMittal’s revenue was down 13.8% compared to the same quarter last year. 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 NYSE:MT opened at $25.20 on Thursday. The company’s fifty day moving average price is $26.58 and its 200 day moving average price is $25.93. ArcelorMittal has a 12 month low of $21.30 and a 12 month high of $29.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.67. The firm has a market capitalization of $20.29 billion, a P/E ratio of 25.20, a P/E/G ratio of 0.39 and a beta of 1.93.

ArcelorMittal Dividend Announcement

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 17th will be paid a dividend of $0.213 per share. The ex-dividend date is Thursday, May 16th. ArcelorMittal’s dividend payout ratio is currently 37.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MT shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $31.00 price target (down from $34.00) on shares of ArcelorMittal in a research note on Tuesday, April 16th. StockNews.com lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Monday, March 4th.

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.