ArcelorMittal (MT) Set to Announce Quarterly Earnings on Thursday

ArcelorMittal (NYSE:MT) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

ArcelorMittal (NYSE:MT) last posted its earnings results on Thursday, February 8th. The basic materials company reported ($3.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.08) by ($1.49). ArcelorMittal had a return on equity of 8.55% and a net margin of 1.35%. The business had revenue of $14.55 billion for the quarter, compared to the consensus estimate of $16.39 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue was down 13.8% compared to the same quarter last year. On average, analysts expect ArcelorMittal to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ArcelorMittal Trading Up 1.5 %

NYSE:MT opened at $25.75 on Tuesday. The firm has a market cap of $20.74 billion, a P/E ratio of 25.75, a P/E/G ratio of 0.39 and a beta of 1.93. ArcelorMittal has a 52 week low of $21.30 and a 52 week high of $29.15. The firm’s fifty day moving average is $26.47 and its 200-day moving average is $25.97. 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 Announces Dividend

The firm 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 $0.213 dividend. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s dividend payout ratio (DPR) is 37.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $31.00 price objective (down from $34.00) on shares of ArcelorMittal in a research note on Tuesday, April 16th. StockNews.com lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research report on Monday, March 4th.

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.