ArcelorMittal (NYSE:MT) Posts Earnings Results, Beats Expectations By $0.23 EPS

ArcelorMittal (NYSE:MT) posted its quarterly earnings results on Thursday. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.23, Briefing.com reports. The business had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.67 billion. ArcelorMittal had a return on equity of 8.24% 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 prior year, the business earned $1.27 earnings per share.

ArcelorMittal Trading Up 0.6 %

MT traded up $0.15 during trading hours on Friday, reaching $26.22. The company’s stock had a trading volume of 1,449,631 shares, compared to its average volume of 1,730,422. ArcelorMittal has a fifty-two week low of $21.30 and a fifty-two week high of $29.15. The stock has a market cap of $21.12 billion, a PE ratio of 29.46, a P/E/G ratio of 0.42 and a beta of 1.93. The business’s 50-day moving average is $26.42 and its 200-day moving average is $25.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.67.

ArcelorMittal Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 17th will be issued a $0.213 dividend. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s dividend payout ratio is presently 41.57%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $31.00 price target (down from $34.00) on shares of ArcelorMittal in a research report on Tuesday, April 16th. StockNews.com lowered ArcelorMittal from a “buy” rating to a “hold” rating in a research report on Monday, March 4th.

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.