ArcelorMittal (MT) Set to Announce Earnings on Thursday

ArcelorMittal (NYSE:MT) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect ArcelorMittal to post earnings of $1.00 per share for the quarter.

ArcelorMittal (NYSE:MT) last issued its earnings results on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing the consensus estimate of ($2.08) by ($1.49). ArcelorMittal had a net margin of 1.35% and a return on equity of 8.55%. The business had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $16.39 billion. During the same quarter in the prior year, the business posted $1.37 earnings per share. The business’s revenue for the quarter was down 13.8% on a year-over-year basis. On average, analysts expect ArcelorMittal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ArcelorMittal Stock Performance

Shares of MT opened at $25.20 on Thursday. The business’s fifty day simple moving average is $26.58 and its two-hundred day simple moving average is $25.93. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.15. ArcelorMittal has a 12 month low of $21.30 and a 12 month high of $29.15. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 0.39 and a beta of 1.93.

ArcelorMittal Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be paid a $0.213 dividend. The ex-dividend date is Thursday, May 16th. ArcelorMittal’s dividend payout ratio (DPR) is currently 37.00%.

Wall Street Analyst Weigh In

MT has been the topic of a number of recent research reports. StockNews.com cut ArcelorMittal from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 price target (down from $34.00) on shares of ArcelorMittal in a report on Tuesday, April 16th.

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.