ArcelorMittal (MT) to Release Quarterly Earnings on Thursday

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

ArcelorMittal Trading Up 0.1 %

NYSE:MT traded up $0.03 during mid-day trading on Thursday, hitting $25.23. 1,469,078 shares of the stock traded hands, compared to its average volume of 1,568,975. ArcelorMittal has a 52 week low of $21.30 and a 52 week high of $29.15. The firm's 50 day moving average is $26.54 and its two-hundred day moving average is $25.92. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 0.39 and a beta of 1.93.

ArcelorMittal Dividend Announcement

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be issued a $0.213 dividend. The ex-dividend date is Thursday, May 16th. ArcelorMittal's payout ratio is 37.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on MT. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $31.00 target price (down previously from $34.00) on shares of ArcelorMittal in a research report on Tuesday, April 16th. StockNews.com cut shares of ArcelorMittal from a "buy" rating to a "hold" rating in a report on Monday, March 4th.

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.