ArcelorMittal (NYSE:MT – Get Free Report) issued its quarterly earnings results on Thursday. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.23, Briefing.com reports. ArcelorMittal had a net margin of 1.15% and a return on equity of 8.24%. The company had revenue of $16.28 billion during the quarter, compared to analyst estimates of $16.67 billion. During the same period last year, the business earned $1.27 EPS. ArcelorMittal’s quarterly revenue was down 12.0% compared to the same quarter last year.
ArcelorMittal Trading Up 0.6 %
Shares of NYSE MT opened at $26.22 on Friday. The firm’s 50 day moving average price is $26.41 and its 200-day moving average price is $26.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.67 and a current ratio of 1.53. ArcelorMittal has a 52-week low of $21.30 and a 52-week high of $29.15. The company 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.
ArcelorMittal Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.213 per share. The ex-dividend date is Thursday, May 16th. ArcelorMittal’s dividend payout ratio is currently 41.57%.
Analysts Set New Price Targets
Read Our Latest Stock Report on ArcelorMittal
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.
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