What is Seaport Res Ptn's Estimate for CLF Q1 Earnings?

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Research analysts at Seaport Res Ptn issued their Q1 2026 earnings per share estimates for shares of Cleveland-Cliffs in a research note issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Englert forecasts that the mining company will post earnings of $0.25 per share for the quarter. The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.79) per share. Seaport Res Ptn also issued estimates for Cleveland-Cliffs' Q3 2026 earnings at $0.26 EPS and Q4 2026 earnings at $0.22 EPS.

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

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley lowered their price target on Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Glj Research lowered their price objective on Cleveland-Cliffs from $14.54 to $12.90 and set a "buy" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group lowered their price objective on Cleveland-Cliffs from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. B. Riley restated a "buy" rating on shares of Cleveland-Cliffs in a research note on Tuesday, February 4th. Finally, Citigroup lowered their price objective on Cleveland-Cliffs from $12.50 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cleveland-Cliffs currently has a consensus rating of "Hold" and a consensus price target of $16.43.

Cleveland-Cliffs Stock Performance

Shares of NYSE CLF traded down $0.24 during trading on Thursday, reaching $10.16. The stock had a trading volume of 16,440,781 shares, compared to its average volume of 12,469,759. Cleveland-Cliffs has a one year low of $8.50 and a one year high of $22.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.85. The stock has a market cap of $5.02 billion, a PE ratio of -10.47 and a beta of 1.94. The firm's 50 day moving average price is $10.40 and its two-hundred day moving average price is $11.40.

Institutional Trading of Cleveland-Cliffs

Hedge funds have recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC boosted its stake in Cleveland-Cliffs by 299.8% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company's stock valued at $25,000 after purchasing an additional 1,490 shares during the period. Pinpoint Asset Management Ltd bought a new stake in Cleveland-Cliffs during the 4th quarter valued at approximately $25,000. Truvestments Capital LLC bought a new stake in Cleveland-Cliffs during the 3rd quarter valued at approximately $34,000. Darwin Wealth Management LLC bought a new stake in Cleveland-Cliffs during the 3rd quarter valued at approximately $34,000. Finally, Estabrook Capital Management boosted its stake in Cleveland-Cliffs by 207.7% during the 4th quarter. Estabrook Capital Management now owns 4,000 shares of the mining company's stock valued at $38,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 67.68% of the company's stock.

Insiders Place Their Bets

In related news, Director Jane M. Cronin purchased 10,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $10.56 per share, for a total transaction of $105,600.00. Following the purchase, the director now owns 24,522 shares in the company, valued at $258,952.32. The trade was a 68.86 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Baldwin purchased 4,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $8.70 per share, with a total value of $34,800.00. Following the purchase, the director now owns 133,227 shares in the company, valued at $1,159,074.90. This represents a 3.10 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 23,500 shares of company stock valued at $243,095 in the last three months. Insiders own 1.76% of the company's stock.

Cleveland-Cliffs Company Profile

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.