Cleveland-Cliffs (CLF) to Release Quarterly Earnings on Monday

Cleveland-Cliffs (NYSE:CLF - Get Free Report) will likely be releasing its Q2 2025 earnings data before the market opens on Monday, July 21st. Analysts expect Cleveland-Cliffs to post earnings of ($0.63) per share and revenue of $4.90 billion for the quarter.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The mining company reported ($0.92) EPS for the quarter, missing analysts' consensus estimates of ($0.78) by ($0.14). Cleveland-Cliffs had a negative return on equity of 12.84% and a negative net margin of 6.35%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the business earned $0.18 EPS. Cleveland-Cliffs's revenue was down 11.0% on a year-over-year basis. 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 Price Performance

Cleveland-Cliffs stock traded up $0.26 during mid-day trading on Thursday, reaching $9.40. 23,396,706 shares of the company were exchanged, compared to its average volume of 19,689,963. The company has a fifty day simple moving average of $7.65 and a 200-day simple moving average of $8.79. Cleveland-Cliffs has a 12 month low of $5.63 and a 12 month high of $16.00. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.13 and a quick ratio of 0.64. The firm has a market cap of $4.65 billion, a PE ratio of -3.85 and a beta of 1.91.

Insider Buying and Selling at Cleveland-Cliffs

In related news, EVP James D. Graham sold 120,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $6.85, for a total transaction of $822,000.00. Following the sale, the executive vice president owned 492,249 shares of the company's stock, valued at $3,371,905.65. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cleveland-Cliffs

A hedge fund recently bought a new stake in Cleveland-Cliffs stock. Focus Partners Wealth acquired a new stake in shares of Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 41,258 shares of the mining company's stock, valued at approximately $339,000. Institutional investors and hedge funds own 67.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CLF. Glj Research lowered Cleveland-Cliffs from a "strong-buy" rating to a "strong sell" rating and set a $3.91 price objective on the stock. in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $7.50 price target on shares of Cleveland-Cliffs in a research note on Monday. Morgan Stanley lifted their price target on Cleveland-Cliffs from $7.50 to $8.00 and gave the company an "equal weight" rating in a research note on Friday, June 20th. B. Riley reiterated a "buy" rating and issued a $17.00 price target (down previously from $20.00) on shares of Cleveland-Cliffs in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group decreased their price target on Cleveland-Cliffs from $13.00 to $11.25 and set a "buy" rating on the stock in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9.78.

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.