Zacks Research Weighs in on ArcelorMittal S.A.'s Q4 2024 Earnings (NYSE:MT)

ArcelorMittal S.A. (NYSE:MT - Free Report) - Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for shares of ArcelorMittal in a report released on Thursday, May 23rd. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings per share of $0.89 for the quarter, up from their previous forecast of $0.88. The consensus estimate for ArcelorMittal's current full-year earnings is $4.17 per share. Zacks Research also issued estimates for ArcelorMittal's Q2 2025 earnings at $1.29 EPS, FY2025 earnings at $4.97 EPS and FY2026 earnings at $5.73 EPS.

Several other research analysts have also recently issued reports on the company. StockNews.com cut ArcelorMittal from a "buy" rating to a "hold" rating in a research report on Monday, March 4th. The Goldman Sachs Group began coverage on ArcelorMittal in a report on Thursday, May 9th. They set a "neutral" rating and a $29.60 price target for the company. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $31.00 price objective (down previously from $34.00) on shares of ArcelorMittal in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, ArcelorMittal has an average rating of "Hold" and an average target price of $30.30.

ArcelorMittal Stock Up 0.9 %

Shares of NYSE MT traded up $0.23 during trading on Friday, reaching $25.77. The company had a trading volume of 744,264 shares, compared to its average volume of 1,521,816. ArcelorMittal has a 12-month low of $21.30 and a 12-month high of $29.15. The stock has a market cap of $20.75 billion, a PE ratio of 28.93, a P/E/G ratio of 0.30 and a beta of 1.93. The business's 50-day moving average is $26.35 and its 200 day moving average is $26.35. The company has a quick ratio of 0.65, a current ratio of 1.55 and a debt-to-equity ratio of 0.15.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.23. The firm had revenue of $16.28 billion for the quarter, compared to analysts' expectations of $16.67 billion. ArcelorMittal had a return on equity of 8.29% and a net margin of 1.15%. The business's revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 earnings per share.

ArcelorMittal Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be given a $0.213 dividend. The ex-dividend date is Thursday, May 16th. ArcelorMittal's payout ratio is 48.31%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MT. International Assets Investment Management LLC purchased a new stake in shares of ArcelorMittal in the fourth quarter worth about $5,160,000. Quantbot Technologies LP boosted its position in shares of ArcelorMittal by 24.4% during the third quarter. Quantbot Technologies LP now owns 102,724 shares of the basic materials company's stock worth $2,571,000 after buying an additional 20,137 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in ArcelorMittal by 6.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 19,515 shares of the basic materials company's stock valued at $542,000 after purchasing an additional 1,267 shares during the period. Citigroup Inc. raised its stake in ArcelorMittal by 38.2% in the third quarter. Citigroup Inc. now owns 12,356 shares of the basic materials company's stock valued at $309,000 after buying an additional 3,413 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ArcelorMittal during the third quarter worth about $1,644,000. 9.88% of the stock is owned by institutional investors and hedge funds.

About ArcelorMittal

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.