ArcelorMittal (NYSE:MT) posted its earnings results on Friday. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.32, Briefing.com reports. ArcelorMittal had a return on equity of 10.52% and a net margin of 5.50%. The company had revenue of $17.64 billion for the quarter, compared to the consensus estimate of $17.08 billion. During the same quarter in the prior year, the company earned $0.22 earnings per share. ArcelorMittal’s revenue was up 21.5% on a year-over-year basis.

ArcelorMittal (MT) traded up $0.99 during trading hours on Friday, hitting $29.14. The company had a trading volume of 7,522,700 shares, compared to its average volume of 4,543,840. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.23 and a quick ratio of 0.42. ArcelorMittal has a 12-month low of $19.59 and a 12-month high of $30.50. The stock has a market capitalization of $29,682.24, a PE ratio of 7.32 and a beta of 2.19.

MT has been the topic of a number of recent research reports. BidaskClub raised ArcelorMittal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded ArcelorMittal from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Jefferies Group LLC reissued a “buy” rating and issued a $34.00 target price (up previously from $31.50) on shares of ArcelorMittal in a report on Tuesday, July 18th. UBS AG raised ArcelorMittal from a “neutral” rating to a “buy” rating in a report on Friday, October 20th. Finally, SBG Securities downgraded ArcelorMittal from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. ArcelorMittal presently has a consensus rating of “Buy” and a consensus price target of $32.72.

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About ArcelorMittal

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

Earnings History for ArcelorMittal (NYSE:MT)

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