Cleveland-Cliffs (CLF) Expected to Announce Quarterly Earnings on Wednesday

Cleveland-Cliffs (NYSE:CLF - Get Free Report) is expected to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.60) per share and revenue of $4.71 billion for the quarter.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The mining company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.03). Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.46 billion. On average, analysts expect Cleveland-Cliffs to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cleveland-Cliffs Stock Performance

NYSE CLF traded up $0.42 during trading hours on Friday, reaching $8.87. 22,652,875 shares of the company were exchanged, compared to its average volume of 14,422,531. The business's 50 day simple moving average is $8.60 and its 200-day simple moving average is $10.33. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. Cleveland-Cliffs has a 1 year low of $6.17 and a 1 year high of $18.10. The stock has a market capitalization of $4.39 billion, a P/E ratio of -9.14 and a beta of 2.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. B. Riley reissued a "buy" rating and issued a $17.00 price objective (down previously from $20.00) on shares of Cleveland-Cliffs in a report on Wednesday, April 23rd. Glj Research decreased their price objective on shares of Cleveland-Cliffs from $14.54 to $12.90 and set a "buy" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group lowered their price target on Cleveland-Cliffs from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, Morgan Stanley decreased their price target on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.49.

Insider Activity

In related news, Director Jane M. Cronin purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $10.56 per share, for a total transaction of $105,600.00. Following the purchase, the director now directly owns 24,522 shares of the company's stock, valued at approximately $258,952.32. This represents a 68.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Keith Koci bought 9,500 shares of the business's stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $10.81 per share, for a total transaction of $102,695.00. Following the completion of the purchase, the executive vice president now owns 543,475 shares of the company's stock, valued at approximately $5,874,964.75. The trade was a 1.78 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 23,500 shares of company stock valued at $243,095. Company insiders own 1.71% of the company's stock.

About Cleveland-Cliffs

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.