ArcelorMittal Company Profile (NYSE:MT)

ArcelorMittal trades on the New York Stock Exchange (NYSE) under the ticker symbol "MT."

Shares of ArcelorMittal reverse split on Monday, May 22nd 2017. The 1-3 reverse split was announced on Thursday, May 11th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, May 19th 2017. An investor that had 100 shares of ArcelorMittal stock prior to the reverse split would have 33 shares after the split.

ArcelorMittal (NYSE:MT) announced its quarterly earnings data on Thursday, July, 27th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.55. The firm had revenue of $17.24 billion for the quarter, compared to the consensus estimate of $16.88 billion. ArcelorMittal had a net margin of 5.50% and a return on equity of 10.52%. The business's revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. View ArcelorMittal's Earnings History.

ArcelorMittal is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for ArcelorMittal.

13 equities research analysts have issued 12-month target prices for ArcelorMittal's shares. Their forecasts range from $23.10 to $45.00. On average, they anticipate ArcelorMittal's stock price to reach $31.90 in the next year. View Analyst Ratings for ArcelorMittal.

Here are some recent quotes from research analysts about ArcelorMittal stock:

• 1. According to Zacks Investment Research, "ArcelorMittal saw higher profits in second-quarter 2017. Earnings for the quarter topped the Zacks Consensus Estimate. Revenues rose by double digits on higher metals pricing, and surpassed expectations. The company raised its steel demand outlook for 2017. ArcelorMittal outperformed the industry it belongs to over the past one year. ArcelorMittal should gain from its efforts to reduce debt, expand capacity and improve efficiency. It is also making a significant progress in reducing costs and expanding its advanced high strength steel product line under the Action 2020 program. The proposed acquisition of Ilva represents another attractive growth opportunity for the company. However, ArcelorMittal continues to contend with challenging steel market conditions in Europe. Demand for steel remains weak in Europe and Brazil. Moreover, cheap steel exports from China is still causing a problem." (8/7/2017)
• 2. Cowen and Company analysts commented, "We are upgrading shares of MT to Outperform, from Market Perform, as we think shares are undervalued due to the efficiency and cost cutting initiatives, leverage to rising global metal prices, and attractive relative valuation. We are raising our price target to $11, from $10." (3/23/2017)
• 3. Jefferies Group LLC analysts commented, "This week, we hosted a roadshow with MT Head of Finance Genuino Christino and Head of IR Daniel Fairclough to discuss the firm's outlook following solid Q4 results. Steel industry conditions are improving, driven by Chinese supply reform, rising trade protection and growing Western demand. But, MT's confidence stems from effective self-help measures, driving strong earnings and FCF momentum and improving the co's long-term prospects. Reiterate Buy." (2/10/2017)

Some companies that are related to ArcelorMittal include POSCO (PKX), Nucor Corporation (NUE), Steel Dynamics (STLD), Gerdau S.A. (GGB), United States Steel Corporation (X), National Steel Company (SID), Cliffs Natural Resources (CLF), Commercial Metals Company (CMC), Grupo Simec SAB de CV (SIM), Carpenter Technology Corporation (CRS), Mechel PAO (MTL), Gibraltar Industries (ROCK), SunCoke Energy Partners, L.P. (SXCP), SunCoke Energy (SXC), Dynamic Materials Corp. (BOOM), L.B. Foster Company (FSTR), Olympic Steel (ZEUS) and Northwest Pipe Company (NWPX).

ArcelorMittal's management team includes the folowing people:

• Lakshmi Narayan Mittal, Chairman of the Board, Chief Executive Officer, Member of the Executive Board
• Aditya Mittal, Group Chief Financial Officer, Member of the Executive Board, Chief Executive Officer ArcelorMittal Europe
• Henri Blaffart, Executive Vice President, Member of the Executive Board, Group Head of Human Resources and Corporate Services
• Brian Aranha, Executive Vice President, Member of the Executive Board, Head of Strategy, CTO, R&D, CCM, and Global Automotive
• Jefferson de Paula, Executive Vice President, Member of the Executive Board, Chief Executive Officer ArcelorMittal South America Long
• Robrecht Himpe, Executive Vice President, Member of the Executive Board, President and CEO AM/NS Calvert, CEO ArcelorMittal North America
• Kleber Silva, Executive Vice President, Member of Management Committee, Head of Iron Ore, ArcelorMittal Mining
• Geert Maurice Van Poelvoorde, Executive Vice President, Member of the Executive Board, Chief Executive Officer ArcelorMittal Europe Flat
• Simon C. Wandke, Executive Vice President, Member of the Executive Board, Chief Executive Officer of ArcelorMittal Mining
• David Clarke, Vice President, Member of the Management Committee, Head of Strategy and Chief Technology Officer

ArcelorMittal's stock is owned by a number of of institutional and retail investors. Top institutional investors include Cambiar Investors LLC (0.49%), Dimensional Fund Advisors LP (0.17%), Northern Trust Corp (0.13%), Parametric Portfolio Associates LLC (0.08%), TIAA CREF Investment Management LLC (0.06%) and UBS Oconnor LLC (0.05%). View Institutional Ownership Trends for ArcelorMittal.

ArcelorMittal's stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, FMR LLC, Dimensional Fund Advisors LP, Parametric Portfolio Associates LLC, JPMorgan Chase & Co., Northern Trust Corp, TD Asset Management Inc. and Alpine Woods Capital Investors LLC. View Insider Buying and Selling for ArcelorMittal.

ArcelorMittal's stock was acquired by a variety of institutional investors in the last quarter, including Cambiar Investors LLC, TIAA CREF Investment Management LLC, State Street Corp, Quantitative Investment Management LLC, Cetera Investment Advisers, Exane Derivatives, M&T Bank Corp and People s United Financial Inc.. View Insider Buying and Selling for ArcelorMittal.

Shares of ArcelorMittal can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ArcelorMittal stock can currently be purchased for approximately $25.97.