ArcelorMittal (MT) Scheduled to Post Earnings on Thursday

ArcelorMittal (NYSE:MT) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect ArcelorMittal to post earnings of $0.58 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ArcelorMittal Stock Performance

Shares of NYSE MT opened at $24.81 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of -36.49, a PEG ratio of 0.53 and a beta of 1.77. The stock’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $24.03. ArcelorMittal has a 52-week low of $20.52 and a 52-week high of $29.01.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MT shares. Deutsche Bank Aktiengesellschaft upgraded ArcelorMittal from a “hold” rating to a “buy” rating and lifted their target price for the stock from $29.00 to $31.00 in a report on Wednesday, August 28th. JPMorgan Chase & Co. cut ArcelorMittal from an “overweight” rating to a “neutral” rating in a report on Friday, October 11th. Finally, Barclays upgraded ArcelorMittal from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ArcelorMittal presently has a consensus rating of “Hold” and an average target price of $30.30.

ArcelorMittal Company Profile

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.