$0.80 EPS Expected for ArcelorMittal (MT)

January 16, 2018 - By Henry Gaston

 $0.80 EPS Expected for ArcelorMittal (MT)

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 $791.33M giving it 11.47 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 decreased 1.21% or $0.45 during the last trading session, reaching $36.71. About 2.73M shares traded. ArcelorMittal (NYSE:MT) has risen 67.93% since January 17, 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 firm has “Buy” rating given on Tuesday, April 12 by Goldman Sachs. The firm has “Overweight” rating given on Friday, October 9 by JP Morgan. UBS downgraded the stock to “Sell” rating in Monday, December 19 report. Bank of America downgraded the shares of MT in report on Tuesday, November 8 to “Neutral” rating. The company was upgraded on Wednesday, January 10 by Bank of America. The company was downgraded on Friday, October 23 by Credit Suisse. The rating was initiated by JP Morgan with “Neutral” on Thursday, August 27. The firm has “Buy” rating given on Tuesday, January 9 by Jefferies. As per Friday, February 10, the company rating was upgraded by Bank of America. Jefferies maintained the stock with “Buy” rating in Tuesday, July 18 report.

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities. The company has market cap of $36.31 billion. The firm operates through five divisions: NAFTA, Brazil, Europe, ACIS, and Mining. It has a 9.57 P/E ratio. It produces finished and semi-finished steel products with various specifications.

More notable recent ArcelorMittal (NYSE:MT) news were published by: Livetradingnews.com which released: “ArcelorMittal SA (ADR) (NYSE:MT) Heffx Trading Outlook” on September 15, 2016, also Investorplace.com with their article: “ArcelorMittal Stock Heads Higher on Strong Quarter, Outlook” published on November 10, 2017, Marketwatch.com published: “ArcelorMittal ADR” on July 08, 2009. More interesting news about ArcelorMittal (NYSE:MT) were released by: Investorplace.com and their article: “3 Big Stock Charts for Tuesday: AutoZone, Inc. (AZO), ArcelorMittal SA (ADR …” published on May 23, 2017 as well as Nasdaq.com‘s news article titled: “Why ArcelorMittal SA (ADR) (MT) Stock Is Soaring Today” with publication date: May 26, 2016.

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