$0.80 EPS Expected for ArcelorMittal (MT)

January 16, 2018 - By Marguerite Chambers

 $0.80 EPS Expected for ArcelorMittal (MT)

Analysts expect ArcelorMittal (NYSE:MT) to report $0.80 EPS on February, 9.They anticipate $0.32 EPS change or 66.67 % from last quarter’s $0.48 EPS. MT’s profit would be $791.33M giving it 11.47 P/E if the $0.80 EPS is correct. After having $1.18 EPS previously, ArcelorMittal’s analysts see -32.20 % EPS growth. The stock decreased 1.21% or $0.45 during the last trading session, reaching $36.71. About 2.73 million shares traded. ArcelorMittal (NYSE:MT) has risen 67.93% since January 17, 2017 and is uptrending. It has outperformed by 51.23% the S&P500.

ArcelorMittal (NYSE:MT) Ratings Coverage

Among 16 analysts covering Arcelormittal (NYSE:MT), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Arcelormittal had 53 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of ArcelorMittal (NYSE:MT) earned “Buy” rating by Jefferies on Wednesday, April 20. Jefferies maintained ArcelorMittal (NYSE:MT) on Tuesday, October 24 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Friday, March 31. The stock of ArcelorMittal (NYSE:MT) earned “Hold” rating by Jefferies on Monday, March 7. The rating was upgraded by ING Group on Friday, July 14 to “Buy”. The stock of ArcelorMittal (NYSE:MT) earned “Market Perform” rating by Cowen & Co on Friday, September 22. Jefferies maintained ArcelorMittal (NYSE:MT) on Friday, June 23 with “Buy” rating. The firm earned “Sector Perform” rating on Friday, December 18 by RBC Capital Markets. JP Morgan downgraded the stock to “Underweight” rating in Monday, April 18 report. The rating was downgraded by Bank of America to “Neutral” on Tuesday, November 8.

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities. The company has market cap of $36.31 billion. The firm operates through five divisions: NAFTA, Brazil, Europe, ACIS, and Mining. It has a 9.57 P/E ratio. It produces finished and semi-finished steel products with various specifications.

More notable recent ArcelorMittal (NYSE:MT) news were published by: Nasdaq.com which released: “Why ArcelorMittal SA (ADR) (MT) Stock Is Soaring Today” on May 26, 2016, also Livetradingnews.com with their article: “ArcelorMittal SA (ADR) (NYSE:MT) Heffx Trading Outlook” published on September 15, 2016, Investorplace.com published: “ArcelorMittal SA (ADR) (MT) Rides Higher Steel Prices to Earnings Beat” on May 12, 2017. More interesting news about ArcelorMittal (NYSE:MT) were released by: Marketwatch.com and their article: “ArcelorMittal ADR” published on July 08, 2009 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts for Tuesday: AutoZone, Inc. (AZO), ArcelorMittal SA (ADR …” with publication date: May 23, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.