FY2025 Earnings Forecast for ArcelorMittal Issued By KeyCorp

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

MT has been the subject of a number of other research reports. Bank of America upgraded ArcelorMittal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $32.90 in a research note on Thursday, November 14th. JPMorgan Chase & Co. downgraded shares of ArcelorMittal from an “overweight” rating to a “neutral” rating in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, ArcelorMittal has an average rating of “Moderate Buy” and an average price target of $31.17.

ArcelorMittal Stock Performance

MT stock opened at $24.02 on Thursday. The business has a 50 day moving average of $23.92 and a 200-day moving average of $23.67. The firm has a market cap of $19.67 billion, a PE ratio of -17.03, a P/E/G ratio of 0.46 and a beta of 1.75. ArcelorMittal has a 12-month low of $20.52 and a 12-month high of $28.95. The company has a quick ratio of 0.59, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

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

Institutional Investors Weigh In On ArcelorMittal

Several institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in shares of ArcelorMittal by 89.6% in the fourth 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 during the period. GAMMA Investing LLC boosted 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 worth $34,000 after purchasing an additional 595 shares during the period. Park Avenue Securities LLC purchased a new position in ArcelorMittal during the 4th quarter valued at about $212,000. Rhumbline Advisers increased its position in shares of ArcelorMittal by 6.8% during the second quarter. Rhumbline Advisers now owns 9,633 shares of the basic materials company’s stock valued at $221,000 after buying an additional 610 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of ArcelorMittal in the fourth quarter worth about $233,000. 9.29% of the stock is owned by hedge funds and other institutional investors.

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.