FY2025 Earnings Estimate for ArcelorMittal Issued By KeyCorp

ArcelorMittal (NYSE:MT) – Analysts at KeyCorp issued their FY2025 earnings per share (EPS) estimates for ArcelorMittal in a note issued to investors on Tuesday, January 6th. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings per share of $3.50 for the year. The consensus estimate for ArcelorMittal’s current full-year earnings is $3.72 per share.

ArcelorMittal (NYSE:MT) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. ArcelorMittal had a net margin of 4.23% and a return on equity of 4.94%. The business had revenue of $15.66 billion during the quarter, compared to analyst estimates of $15.88 billion. During the same quarter last year, the business earned $0.63 earnings per share. ArcelorMittal’s quarterly revenue was up 3.0% compared to the same quarter last year.

MT has been the topic of several other reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of ArcelorMittal in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of ArcelorMittal in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Citigroup restated a “buy” rating on shares of ArcelorMittal in a report on Wednesday, October 8th. Finally, Wells Fargo & Company reiterated a “cautious” rating and set a $39.00 price objective (up previously from $33.00) on shares of ArcelorMittal in a report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, ArcelorMittal has an average rating of “Hold” and a consensus price target of $38.98.

ArcelorMittal Stock Down 1.1%

NYSE MT opened at $47.37 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.39 and a debt-to-equity ratio of 0.19. ArcelorMittal has a 52 week low of $21.85 and a 52 week high of $48.52. The firm has a market capitalization of $36.71 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 0.18 and a beta of 1.52. The company has a fifty day moving average of $42.97 and a two-hundred day moving average of $37.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming bought a new position in shares of ArcelorMittal during the 3rd quarter worth approximately $36,000. True Wealth Design LLC grew its holdings in ArcelorMittal by 41.4% in the fourth quarter. True Wealth Design LLC now owns 799 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 234 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of ArcelorMittal by 44.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,635 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 501 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of ArcelorMittal by 392.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,752 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 1,396 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its position in shares of ArcelorMittal by 23.7% in the 1st quarter. Bayforest Capital Ltd now owns 2,298 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 9.29% of the company’s stock.

ArcelorMittal Company Profile

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.