ArcelorMittal SA (ADR) (MT) Analysts See $0.78 EPS
July 26, 2017 - By Peter Erickson
ArcelorMittal SA (ADR) (MT) Analysts See $0.78 EPS
Analysts await ArcelorMittal SA (ADR) (NYSE:MT) to report earnings on July, 27 before the open. They expect $0.78 earnings per share, down 31.58 % or $0.36 from last year’s $1.14 per share. MT’s profit will be $816.00M for 8.26 P/E if the $0.78 EPS becomes a reality. After $0.99 actual earnings per share reported by ArcelorMittal SA (ADR) for the previous quarter, Wall Street now forecasts -21.21 % negative EPS growth. About 8.39M shares traded or 0.84% up from the average. ArcelorMittal SA (ADR) (NYSE:MT) has risen 67.93% since July 26, 2016 and is uptrending. It has outperformed by 51.23% the S&P500.
ArcelorMittal SA (ADR) (NYSE:MT) Ratings Coverage
Among 16 analysts covering Arcelormittal (NYSE:MT), 13 have Buy rating, 2 Sell and 1 Hold. Therefore 81% are positive. Arcelormittal had 44 analyst reports since July 21, 2015 according to SRatingsIntel. UBS downgraded the stock to “Sell” rating in Monday, December 19 report. Citigroup upgraded ArcelorMittal SA (ADR) (NYSE:MT) on Monday, October 5 to “Buy” rating. The firm earned “Buy” rating on Wednesday, October 14 by Berenberg. The stock of ArcelorMittal SA (ADR) (NYSE:MT) earned “Buy” rating by Deutsche Bank on Wednesday, July 12. The stock of ArcelorMittal SA (ADR) (NYSE:MT) has “Buy” rating given on Wednesday, August 5 by ABN Amro. The firm has “Buy” rating given on Tuesday, April 12 by Goldman Sachs. RBC Capital Markets upgraded ArcelorMittal SA (ADR) (NYSE:MT) on Friday, November 25 to “Outperform” rating. The rating was downgraded by Credit Suisse on Friday, October 23 to “Neutral”. On Wednesday, January 13 the stock rating was downgraded by Jefferies to “Underperform”. JP Morgan downgraded the stock to “Underweight” rating in Monday, April 18 report.
ArcelorMittal S.A. is a holding company. The company has market cap of $26.97 billion. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. It has a 8.12 P/E ratio. ArcelorMittal operates through five divisions, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
More news for ArcelorMittal SA (ADR) (NYSE:MT) were recently published by: Investorplace.com, which released: “ArcelorMittal SA (ADR) (MT) Rides Higher Steel Prices to Earnings Beat” on May 12, 2017. Marketwatch.com‘s article titled: “US Steel surges 7% as better-than-expected earnings offset Trump comments” and published on July 26, 2017 is yet another important article.