ArcelorMittal (MT) Stock Price, News & Analysis

Company Overview

ArcelorMittal S.A., 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. The company also provides mining products, such as iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Liberia, Mexico, South Africa, and Ukraine. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

Key Stats

• Today's Range: $23.33 to $23.98
• 50-Day Range: $21.10 to $23.63
• 52-Week Range: $20.52 to $29.01
• Volume: 1.33 million shs
• Average Volume: 1.61 million shs
• Market Capitalization: $18.93 billion
• P/E Ratio: 26.40
• Dividend Yield: 1.79%
• Price Target: $30.30
• Consensus Rating: Moderate Buy

ArcelorMittal Stock Analysis - MarketRank™

ArcelorMittal scored higher than 96% of companies evaluated by MarketBeat, and ranked 13th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

ArcelorMittal has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

ArcelorMittal has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 5.0 / 5
• Proj. Earnings Growth: 30.20%

Earnings Growth

Earnings for ArcelorMittal are expected to grow by 30.20% in the coming year, from $3.51 to $4.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ArcelorMittal is 26.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of ArcelorMittal is 26.40, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.55.

Price to Earnings Growth Ratio

ArcelorMittal has a PEG Ratio of 0.37. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

ArcelorMittal has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.60% of the float of ArcelorMittal has been sold short.

Short Interest Ratio / Days to Cover

ArcelorMittal has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ArcelorMittal has recently decreased by 7.81%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

ArcelorMittal pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

ArcelorMittal does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of ArcelorMittal is 47.19%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, ArcelorMittal will have a dividend payout ratio of 9.19% next year. This indicates that ArcelorMittal will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.60% of the float of ArcelorMittal has been sold short.

Short Interest Ratio / Days to Cover

ArcelorMittal has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in ArcelorMittal has recently decreased by 7.81%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.15

News Sentiment

ArcelorMittal has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.37 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for ArcelorMittal this week, compared to 5 articles on an average week.

Search Interest

Only 3 people have searched for MT on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

MarketBeat Follows

1 people have added ArcelorMittal to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, ArcelorMittal insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.06% of the stock of ArcelorMittal is held by insiders.

Percentage Held by Institutions

Only 9.88% of the stock of ArcelorMittal is held by institutions.

MT Stock Analysis - Frequently Asked Questions

How have MT shares performed this year?

ArcelorMittal's stock was trading at $28.39 on January 1st, 2024. Since then, MT shares have decreased by 17.2% and is now trading at $23.50.
View the best growth stocks for 2024 here.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) issued its quarterly earnings data on Thursday, August, 1st. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by $0.49. The company's revenue for the quarter was down 12.7% on a year-over-year basis.

When did ArcelorMittal's stock split?

Shares of ArcelorMittal reverse split on the morning of Monday, May 22nd 2017. The 1-3 reverse split was announced on Thursday, May 11th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, May 19th 2017. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

Who are ArcelorMittal's major shareholders?

ArcelorMittal's top institutional investors include Dimensional Fund Advisors LP (0.41%), Clearbridge Investments LLC (0.32%), Bank of New York Mellon Corp (0.10%) and Encompass Capital Advisors LLC (0.07%).
View institutional ownership trends.

How do I buy shares of ArcelorMittal?

Shares of MT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ArcelorMittal own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ArcelorMittal investors own include AT&T (T), Energy Transfer (ET), Ford Motor (F), Micron Technology (MU), Bank of America (BAC) and Intel (INTC).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 9/18/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Blast furnaces & steel mills
• Sub-Industry: Steel Works
• Current Symbol: NYSE:MT
• CUSIP: N/A
• CIK: 1243429
• Web: www.arcelormittal.com
• Phone: 35247921
• Fax: 352-4792-2235
• Employees: 126,756
• Year Founded: 2006

Price Target and Rating

• Average Stock Price Target: $30.30
• High Stock Price Target: $31.00
• Low Stock Price Target: $29.60
• Potential Upside/Downside: +29.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.89
• Trailing P/E Ratio: 26.26
• Forward P/E Ratio: 6.66
• P/E Growth: 0.37
• Net Income: $919 million
• Net Margins: -0.93%
• Pretax Margin: -0.39%
• Return on Equity: 6.00%
• Return on Assets: 3.62%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 1.53
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $63.70 billion
• Price / Sales: 0.30
• Cash Flow: $9.90 per share
• Price / Cash Flow: 2.36
• Book Value: $69.62 per share
• Price / Book: 0.34

Miscellaneous

• Outstanding Shares: 805,338,000
• Free Float: 804,855,000
• Market Cap: $18.82 billion
• Optionable: Optionable
• Beta: 1.76