Analyst Research

ArcelorMittal SA (NYSE:MT) Expects to Report Earnings of $0.15 for the Current Quarter

ArcelorMittal SA (NYSE:MT) shares traded 0.65% during the most recent session the stock exchanged hands 11.12M shares versus average trading capacity of 21.00M shares, yielding a market cap of $24.30B. Wall Street analysts covering the stock are projecting that the stock will reach $11.71 within the next 52-weeks. The mean target projections are based on 6 opinions, the mean target was last revised on 04/20/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have ArcelorMittal SA (NYSE:MT) high price target of $15.00 and with a conservative view have low price target of $8.50 with a standard deviation of $1.71. If seeing target price from optimistic overview then it has a 64 percent upside potential from the latest closing price of $7.80.

ArcelorMittal SA (NYSE:MT) received “Upgrade” rating by JP Morgan in a research note issued to investors on Mar-31-17 from Neutral to Overweight.

Additionally on Mar-24-17 ArcelorMittal SA (NYSE:MT) was “Reiterated” by Credit Suisse as Outperform from $14 to $15 and on Mar-23-17 the stock was “Upgraded” by Cowen from Market Perform to Outperform from $10 to $11. Furthermore on Feb-10-17 the stock was “Upgraded” by BofA/Merrill from Neutral to Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 43.85 along with Average True Range (ATR 14) of 0.28, Consequently ArcelorMittal SA (NYSE:MT) weekly and monthly volatility is 2.52%, 2.74% respectively. The company’s beta value is at 2.62.

In terms of Buy, Sell or Hold recommendations, ArcelorMittal SA (NYSE:MT) has an analysts’ mean recommendation of 1.80. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that ArcelorMittal SA (NYSE:MT) will report earnings of $0.15 for the current quarter on or around 5/5/2017, however the company’s high EPS estimates are $0.23 and low estimates are $0.06. However the company reported -$0.1 earnings per share for the same quarter during last year.

Previously ArcelorMittal SA (NYSE:MT) reported $0.16 earnings per share (EPS) for the quarter on 2/10/2017, beating the consensus estimate of $0.13 by $0.03. The company posted an earnings surprise of 23.08%.

While considering growth estimates of the company, it has next quarter growth estimates of 4.80% whereas during current quarter it has 250.00% estimations over growth, comparing to the estimations of 29.90% during current year and -17.00% for next year. Past 5 years growth of ArcelorMittal SA (NYSE:MT) observed at 28.27%, looking forward for the next 5 years it has a strong prediction of 21.57% over growth.

ArcelorMittal SA (NYSE:MT) revenue estimates for the current quarter are $16.54B according to 2 number of analysts, for the current quarter the company has high revenue estimates of $16.66B in contradiction of low revenue estimates of $16.41B. For the current year the company’s revenue estimates are $66.42B compared to low analyst estimates of $63.62B and high estimates of $70.43B according 6 number of analysts.

Currently ArcelorMittal SA (NYSE:MT) shares owned by insiders are 44.80%, whereas shares owned by institutional owners are 5.20%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded 0.41%.

ArcelorMittal SA (NYSE:MT) trading -16.76% away from its 52 week high of $9.37 and +86.60% far from the stock’s low point over the past 52 weeks, which was $4.18. The stock hit its 52-week high on 02/23/17, and 52-week low on 06/27/16. The company’s trailing twelve month income is 1.78B dollars.

ArcelorMittal SA (NYSE:MT) trailing twelve month revenues are $56.79B, whereas its price to sales ratio for the same period is 0.41. Its book value per share for the most recent quarter is $9.84 while its price to book ratio for the same period is 0.79, as for as the company’s cash per share for the most recent quarter is $0.83, however its price to cash per share ratio for the same period is 9.40. The stock has a current PEG ratio of 0.73 where as its trailing twelve month P/E ratio is 15.69.

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