ArcelorMittal (MT) Expected to Announce Quarterly Earnings on Thursday

ArcelorMittal (NYSE:MT - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $15.14 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $15.20 billion for the quarter, compared to analysts' expectations of $15.11 billion. ArcelorMittal had a positive return on equity of 5.26% and a negative net margin of 1.99%. The business's revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. On average, analysts expect ArcelorMittal to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ArcelorMittal Stock Up 2.1 %

NYSE:MT traded up $0.51 during trading hours on Thursday, reaching $25.21. 1,280,469 shares of the company traded hands, compared to its average volume of 1,868,483. 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 has a market capitalization of $20.65 billion, a P/E ratio of -17.88, a P/E/G ratio of 0.46 and a beta of 1.75. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $28.95. The business's 50-day moving average price is $23.87 and its two-hundred day moving average price is $23.74.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MT shares. JPMorgan Chase & Co. cut ArcelorMittal from an "overweight" rating to a "neutral" rating in a report on Friday, October 11th. Bank of America raised ArcelorMittal from a "neutral" rating to a "buy" rating and increased their price objective for the stock 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.