MT has been the topic of several other reports. Zacks Investment Research downgraded shares of ArcelorMittal from a hold rating to a sell rating in a report on Wednesday, April 10th. Goldman Sachs Group downgraded shares of ArcelorMittal from a buy rating to a neutral rating in a report on Wednesday, January 30th. Finally, KeyCorp assumed coverage on shares of ArcelorMittal in a report on Monday, April 15th. They set a sector weight rating and a $22.57 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $26.79.
Shares of MT stock traded down $0.38 during trading hours on Thursday, hitting $16.48. The company’s stock had a trading volume of 2,941,128 shares, compared to its average volume of 3,008,969. The company has a market capitalization of $17.49 billion, a P/E ratio of 2.86, a price-to-earnings-growth ratio of 3.86 and a beta of 2.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 0.52. ArcelorMittal has a 12-month low of $16.56 and a 12-month high of $36.21.
ArcelorMittal (NYSE:MT) last released its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.35). The business had revenue of $19.19 billion during the quarter, compared to analysts’ expectations of $18.83 billion. ArcelorMittal had a net margin of 5.75% and a return on equity of 11.63%. As a group, sell-side analysts forecast that ArcelorMittal will post 2.42 earnings per share for the current year.
The company also recently declared an annual dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be issued a dividend of $0.20 per share. This represents a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s dividend payout ratio (DPR) is presently 1.56%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambiar Investors LLC boosted its holdings in ArcelorMittal by 14.1% during the first quarter. Cambiar Investors LLC now owns 4,754,510 shares of the basic materials company’s stock worth $96,897,000 after buying an additional 586,262 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in ArcelorMittal by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,576,919 shares of the basic materials company’s stock worth $52,518,000 after buying an additional 39,393 shares in the last quarter. PointState Capital LP purchased a new stake in ArcelorMittal during the first quarter worth $28,809,000. Deutsche Bank AG boosted its holdings in ArcelorMittal by 3.7% during the fourth quarter. Deutsche Bank AG now owns 1,283,149 shares of the basic materials company’s stock worth $26,522,000 after buying an additional 45,717 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in ArcelorMittal by 1.9% during the first quarter. Northern Trust Corp now owns 1,147,183 shares of the basic materials company’s stock worth $23,379,000 after buying an additional 21,754 shares in the last quarter. 3.03% of the stock is currently owned by hedge funds and other institutional investors.
ArcelorMittal Company Profile
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
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