ArcelorMittal S.A. Declares Semi-Annual Dividend of $0.21 (NYSE:MT)

ArcelorMittal S.A. (NYSE:MT) announced a Semi-Annual dividend on Monday, April 15th, Zacks reports. Investors of record on Friday, May 17th will be given a dividend of 0.213 per share by the basic materials company on Wednesday, June 12th. The ex-dividend date of this dividend is Thursday, May 16th.

ArcelorMittal Price Performance

MT opened at $25.19 on Wednesday. ArcelorMittal has a fifty-two week low of $21.30 and a fifty-two week high of $30.15. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. The firm has a market cap of $20.29 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 0.34 and a beta of 1.93. The company’s 50-day moving average price is $26.90 and its 200 day moving average price is $25.89.

ArcelorMittal (NYSE:MT) last posted its earnings results on Thursday, February 8th. The basic materials company reported ($3.57) EPS for the quarter, missing the consensus estimate of ($2.08) by ($1.49). ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The firm had revenue of $14.55 billion during the quarter, compared to the consensus estimate of $16.39 billion. During the same quarter last year, the company posted $1.37 EPS. ArcelorMittal’s revenue for the quarter was down 13.8% on a year-over-year basis. As a group, sell-side analysts expect that ArcelorMittal will post 4.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MT. StockNews.com lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 price target (down previously from $34.00) on shares of ArcelorMittal in a research note on Tuesday.

Hedge Funds Weigh In On ArcelorMittal

A number of hedge funds and other institutional investors have recently made changes to their positions in MT. Captrust Financial Advisors raised its stake in shares of ArcelorMittal by 166.1% during the first quarter. Captrust Financial Advisors now owns 1,381 shares of the basic materials company’s stock worth $44,000 after buying an additional 862 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in ArcelorMittal in the third quarter valued at approximately $28,000. Clear Street Markets LLC bought a new stake in ArcelorMittal in the fourth quarter valued at approximately $40,000. Atlas Capital Advisors LLC increased its stake in ArcelorMittal by 72.0% in the first quarter. Atlas Capital Advisors LLC now owns 2,018 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 845 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in ArcelorMittal by 41.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,975 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 1,161 shares in the last quarter. 9.88% of the stock is owned by institutional investors.

ArcelorMittal Company Profile

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.