KeyCorp Predicts ArcelorMittal’s FY2025 Earnings (NYSE:MT)

ArcelorMittal S.A. (NYSE:MT) – Analysts at KeyCorp issued their FY2025 earnings per share (EPS) estimates for ArcelorMittal in a report issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings of $3.27 per share for the year. The consensus estimate for ArcelorMittal’s current full-year earnings is $2.79 per share.

Several other equities research analysts have also recently weighed in on MT. JPMorgan Chase & Co. cut shares of ArcelorMittal from an “overweight” rating to a “neutral” rating in a research note on Friday, October 11th. Bank of America raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $32.90 in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, ArcelorMittal has a consensus rating of “Moderate Buy” and an average target price of $31.17.

ArcelorMittal Stock Down 2.7 %

MT stock opened at $23.29 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 0.59. ArcelorMittal has a 52-week low of $20.52 and a 52-week high of $28.95. The company has a 50-day moving average of $23.92 and a two-hundred day moving average of $23.67. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of -16.52, a price-to-earnings-growth ratio of 0.46 and a beta of 1.75.

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

Institutional Investors Weigh In On ArcelorMittal

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after buying an additional 536 shares during the last quarter. GAMMA Investing LLC increased its stake in ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock valued at $34,000 after buying an additional 595 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in ArcelorMittal in the 4th quarter valued at $212,000. Atria Investments Inc acquired a new position in shares of ArcelorMittal during the 3rd quarter worth about $244,000. Finally, Rhumbline Advisers increased its stake in shares of ArcelorMittal by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 9,633 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 610 shares during the last quarter. 9.29% of the stock is currently owned by institutional investors and hedge funds.

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.