EPS for ArcelorMittal (MT) Expected At $0.80

January 23, 2018 - By Linda Rogers

 EPS for ArcelorMittal (MT) Expected At $0.80

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 $780.64 million giving it 11.54 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 increased 0.19% or $0.07 during the last trading session, reaching $36.94. About 2.90 million shares traded. ArcelorMittal (NYSE:MT) has risen 67.93% since January 23, 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 rating was upgraded by Deutsche Bank on Wednesday, July 12 to “Buy”. Citigroup downgraded ArcelorMittal (NYSE:MT) on Wednesday, December 2 to “Neutral” rating. The firm has “Neutral” rating given on Tuesday, February 9 by JP Morgan. The stock has “Neutral” rating by JP Morgan on Thursday, August 27. The firm has “Outperform” rating given on Friday, May 26 by Macquarie Research. On Friday, March 31 the stock rating was upgraded by JP Morgan to “Overweight”. As per Friday, February 10, the company rating was upgraded by Bank of America. The company was downgraded on Friday, December 18 by RBC Capital Markets. As per Tuesday, July 18, the company rating was maintained by Jefferies. The stock of ArcelorMittal (NYSE:MT) has “Buy” rating given on Tuesday, October 24 by Jefferies.

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities. The company has market cap of $36.05 billion. The firm operates through five divisions: NAFTA, Brazil, Europe, ACIS, and Mining. It has a 9.63 P/E ratio. It produces finished and semi-finished steel products with various specifications.

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

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