ArcelorMittal (MT) Expected to Announce Quarterly Earnings on Thursday

ArcelorMittal (NYSE:MT - Get Free Report) is anticipated to issue its Q4 2024 quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $15.15 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

ArcelorMittal (NYSE:MT - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.09). ArcelorMittal had a positive return on equity of 5.26% and a negative net margin of 1.99%. On average, analysts expect ArcelorMittal to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ArcelorMittal Trading Down 1.7 %

MT stock traded down $0.47 during midday trading on Friday, hitting $27.86. The company had a trading volume of 3,249,445 shares, compared to its average volume of 2,130,302. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of -19.76, a PEG ratio of 0.49 and a beta of 1.74. The company has a current ratio of 1.46, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average price is $23.97 and its 200 day moving average price is $23.83. ArcelorMittal has a 52 week low of $20.52 and a 52 week high of $28.95.

Analyst Upgrades and Downgrades

MT has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered shares of ArcelorMittal from an "overweight" rating to a "neutral" rating in a report on Friday, October 11th. Bank of America upgraded ArcelorMittal from a "neutral" rating to a "buy" rating and raised their target price for the company from $30.00 to $32.90 in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, ArcelorMittal currently has an average rating of "Moderate Buy" and a consensus target price of $31.17.

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.