ArcelorMittal SA (NYSE:MT) – Equities research analysts at Jefferies Group cut their FY2016 earnings per share estimates for shares of ArcelorMittal SA in a report released on Thursday. Jefferies Group analyst S. Rosenfeld now anticipates that the firm will earn $0.49 per share for the year, down from their prior forecast of $0.51. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for ArcelorMittal SA’s FY2018 earnings at $0.62 EPS.
ArcelorMittal SA (NYSE:MT) last posted its earnings results on Friday, July 29th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.35. During the same period last year, the business posted $0.10 EPS. The business had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $15.23 billion. The company’s revenue for the quarter was down 12.7% on a year-over-year basis.
Several other research analysts have also recently weighed in on the stock. Citigroup Inc. reissued a “buy” rating on shares of ArcelorMittal SA in a research report on Thursday, July 28th. Vetr raised shares of ArcelorMittal SA from a “buy” rating to a “strong-buy” rating and set a $5.70 price target on the stock in a research report on Wednesday, June 22nd. Cowen and Company boosted their price target on shares of ArcelorMittal SA from $6.00 to $8.00 and gave the company a “market perform” rating in a research report on Wednesday, August 3rd. Clarkson Capital raised shares of ArcelorMittal SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. cut shares of ArcelorMittal SA from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.24.
ArcelorMittal SA (NYSE:MT) opened at 6.04 on Monday. The firm’s 50-day moving average is $6.11 and its 200-day moving average is $5.15. ArcelorMittal SA has a 52-week low of $2.93 and a 52-week high of $7.58. The stock’s market cap is $18.47 billion.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.