KeyCorp Comments on ArcelorMittal FY2025 Earnings

ArcelorMittal S.A. (NYSE:MT - Free Report) - KeyCorp issued their FY2025 earnings per share (EPS) estimates for ArcelorMittal in a research note issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs expects that the basic materials company will earn $3.27 per share for the year. The consensus estimate for ArcelorMittal's current full-year earnings is $2.79 per share.

A number of other equities research analysts have also issued reports on MT. Bank of America raised shares of ArcelorMittal from a "neutral" rating to a "buy" rating and lifted their target price for the company from $30.00 to $32.90 in a research note on Thursday, November 14th. JPMorgan Chase & Co. downgraded ArcelorMittal from an "overweight" rating to a "neutral" rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, ArcelorMittal presently has an average rating of "Moderate Buy" and an average target price of $31.17.

ArcelorMittal Stock Up 3.1 %

NYSE:MT traded up $0.73 during trading hours on Thursday, hitting $24.02. 2,111,039 shares of the stock traded hands, compared to its average volume of 1,872,495. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of -17.03, a PEG ratio of 0.46 and a beta of 1.75. The firm has a 50 day moving average price of $23.92 and a 200 day moving average price of $23.67. The company has a current ratio of 1.46, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. ArcelorMittal has a fifty-two week low of $20.52 and a fifty-two week high of $28.95.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its earnings results on Thursday, November 7th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.11 billion. ArcelorMittal had a positive return on equity of 5.26% and a negative net margin of 1.99%. ArcelorMittal's revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MT. Geneos Wealth Management Inc. lifted its holdings in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock worth $26,000 after buying an additional 536 shares in the last quarter. GAMMA Investing LLC raised its position in shares of ArcelorMittal by 68.5% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock worth $34,000 after acquiring an additional 595 shares during the last quarter. Rhumbline Advisers raised its position in shares of ArcelorMittal by 6.8% during the second quarter. Rhumbline Advisers now owns 9,633 shares of the basic materials company's stock worth $221,000 after acquiring an additional 610 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of ArcelorMittal by 11.2% during the third quarter. Eagle Asset Management Inc. now owns 16,008 shares of the basic materials company's stock valued at $418,000 after acquiring an additional 1,615 shares during the period. Finally, Seascape Capital Management boosted its holdings in ArcelorMittal by 7.4% in the third quarter. Seascape Capital Management now owns 26,170 shares of the basic materials company's stock valued at $687,000 after acquiring an additional 1,812 shares during the last quarter. 9.29% of the stock is currently owned by institutional investors and hedge funds.

About ArcelorMittal

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.