Cleveland-Cliffs (CLF) Scheduled to Post Earnings on Monday

Cleveland-Cliffs (NYSE:CLF - Get Free Report) will be announcing its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its earnings results on Tuesday, January 30th. The mining company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Cleveland-Cliffs had a return on equity of 6.79% and a net margin of 1.81%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the prior year, the business posted ($0.30) earnings per share. Cleveland-Cliffs's revenue was up 1.3% compared to the same quarter last year. On average, analysts expect Cleveland-Cliffs to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cleveland-Cliffs Trading Down 1.9 %

Shares of NYSE CLF traded down $0.41 during mid-day trading on Monday, hitting $21.23. 4,734,017 shares of the company traded hands, compared to its average volume of 8,415,601. Cleveland-Cliffs has a 1 year low of $13.61 and a 1 year high of $22.97. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 0.77 and a beta of 2.03. The company has a quick ratio of 0.62, a current ratio of 1.89 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $20.85 and a two-hundred day moving average of $18.78.

Insider Transactions at Cleveland-Cliffs

In other news, EVP Terry G. Fedor sold 27,430 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $20.19, for a total transaction of $553,811.70. Following the completion of the sale, the executive vice president now owns 534,617 shares in the company, valued at approximately $10,793,917.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Cleveland-Cliffs news, Director Arlene M. Yocum bought 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $20.02 per share, for a total transaction of $40,040.00. Following the purchase, the director now directly owns 94,887 shares in the company, valued at $1,899,637.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Terry G. Fedor sold 27,430 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $20.19, for a total value of $553,811.70. Following the sale, the executive vice president now owns 534,617 shares of the company's stock, valued at approximately $10,793,917.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,066 shares of company stock worth $4,464,688. 1.76% of the stock is owned by corporate insiders.

Institutional Trading of Cleveland-Cliffs

Several hedge funds have recently added to or reduced their stakes in CLF. Coppell Advisory Solutions Corp. bought a new stake in shares of Cleveland-Cliffs in the 4th quarter worth approximately $165,000. Point72 Hong Kong Ltd bought a new stake in shares of Cleveland-Cliffs in the 4th quarter worth approximately $159,000. Providence Capital Advisors LLC lifted its position in shares of Cleveland-Cliffs by 1,733.0% in the 1st quarter. Providence Capital Advisors LLC now owns 2,108 shares of the mining company's stock worth $115,000 after acquiring an additional 1,993 shares during the period. Altshuler Shaham Ltd lifted its position in shares of Cleveland-Cliffs by 25.6% in the 4th quarter. Altshuler Shaham Ltd now owns 6,915 shares of the mining company's stock worth $111,000 after acquiring an additional 1,408 shares during the period. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Cleveland-Cliffs in the 2nd quarter worth approximately $87,000. Institutional investors own 67.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CLF shares. BNP Paribas downgraded Cleveland-Cliffs from a "neutral" rating to an "underperform" rating and set a $16.50 target price for the company. in a report on Wednesday, February 28th. TheStreet lowered Cleveland-Cliffs from a "b-" rating to a "c" rating in a research report on Tuesday, January 30th. Wolfe Research reissued an "underperform" rating and set a $18.00 price target on shares of Cleveland-Cliffs in a research report on Tuesday, April 9th. StockNews.com lowered Cleveland-Cliffs from a "buy" rating to a "hold" rating in a research report on Wednesday, February 21st. Finally, Morgan Stanley reissued an "equal weight" rating and set a $20.00 price target on shares of Cleveland-Cliffs in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $19.92.

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.