KeyCorp Comments on ArcelorMittal FY2025 Earnings

ArcelorMittal (NYSE:MT) – Equities researchers at KeyCorp issued their FY2025 EPS estimates for ArcelorMittal in a research report issued to clients and investors on Tuesday, January 6th. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $3.50 for the year. The consensus estimate for ArcelorMittal’s current full-year earnings is $3.72 per share.

ArcelorMittal (NYSE:MT) last posted its earnings results on Thursday, November 6th. The basic materials company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $15.66 billion for the quarter, compared to analyst estimates of $15.88 billion. ArcelorMittal had a net margin of 4.23% and a return on equity of 4.94%. ArcelorMittal’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS.

MT has been the topic of several other research reports. Morgan Stanley raised ArcelorMittal from an “equal weight” rating to an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. upgraded shares of ArcelorMittal from a “neutral” rating to an “overweight” rating in a research report on Friday, November 7th. Wells Fargo & Company reaffirmed a “cautious” rating and issued a $39.00 target price (up from $33.00) on shares of ArcelorMittal in a research note on Thursday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating on shares of ArcelorMittal in a research report on Friday, October 10th. Finally, UBS Group cut shares of ArcelorMittal from a “buy” rating to a “neutral” rating in a research report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, ArcelorMittal has a consensus rating of “Hold” and an average target price of $38.98.

ArcelorMittal Trading Down 0.7%

Shares of MT stock opened at $46.99 on Friday. The company has a market capitalization of $36.41 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.18 and a beta of 1.52. ArcelorMittal has a 52-week low of $21.85 and a 52-week high of $48.52. The business’s fifty day moving average is $43.15 and its 200 day moving average is $37.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 1.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MT. True Wealth Design LLC grew its position in ArcelorMittal by 41.4% during the 4th quarter. True Wealth Design LLC now owns 799 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 234 shares during the last quarter. CWA Asset Management Group LLC increased its position in ArcelorMittal by 4.2% during the 4th quarter. CWA Asset Management Group LLC now owns 39,067 shares of the basic materials company’s stock valued at $1,780,000 after purchasing an additional 1,588 shares during the period. Park Avenue Securities LLC raised its holdings in ArcelorMittal by 18.8% in the 4th quarter. Park Avenue Securities LLC now owns 14,240 shares of the basic materials company’s stock worth $649,000 after purchasing an additional 2,258 shares in the last quarter. GAMMA Investing LLC raised its holdings in ArcelorMittal by 15.6% in the 4th quarter. GAMMA Investing LLC now owns 3,179 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 430 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of ArcelorMittal in the 3rd quarter worth about $597,000. 9.29% of the stock is owned by institutional investors.

About ArcelorMittal

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.