FY2025 Earnings Forecast for ArcelorMittal Issued By KeyCorp

ArcelorMittal S.A. (NYSE:MT) – KeyCorp issued their FY2025 EPS estimates for shares of ArcelorMittal in a report released on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings per share of $3.27 for the year. The consensus estimate for ArcelorMittal’s current full-year earnings is $2.63 per share.

A number of other brokerages also recently issued reports on MT. Bank of America upgraded shares of ArcelorMittal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $32.90 in a research note on Thursday, November 14th. JPMorgan Chase & Co. cut shares of ArcelorMittal from an “overweight” rating to a “neutral” rating in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.17.

ArcelorMittal Stock Performance

Shares of MT opened at $24.89 on Thursday. ArcelorMittal has a 1 year low of $20.52 and a 1 year high of $28.95. The stock has a market capitalization of $20.39 billion, a PE ratio of -17.65, a PEG ratio of 0.46 and a beta of 1.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 1.46. The stock has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $23.68.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. ArcelorMittal had a positive return on equity of 5.26% and a negative net margin of 1.99%. The business had revenue of $15.20 billion for the quarter, compared to analysts’ expectations of $15.11 billion. During the same period last year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year.

Institutional Trading of ArcelorMittal

Institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its stake in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 536 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ArcelorMittal by 68.5% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 595 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of ArcelorMittal during the fourth quarter worth about $212,000. Atria Investments Inc acquired a new stake in shares of ArcelorMittal during the third quarter worth about $244,000. Finally, Rhumbline Advisers lifted its holdings in shares of ArcelorMittal by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 9,633 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 9.29% of the company’s stock.

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.