ArcelorMittal (NYSE:MT – Get Free Report) released its quarterly earnings results on Thursday. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.23, Briefing.com reports. The company had revenue of $16.28 billion for the quarter, compared to analysts’ expectations of $16.67 billion. ArcelorMittal had a net margin of 1.35% and a return on equity of 8.55%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period last year, the company earned $1.27 EPS.
ArcelorMittal Trading Up 0.6 %
MT stock traded up $0.14 during trading on Friday, reaching $26.22. 1,449,630 shares of the stock traded hands, compared to its average volume of 1,580,261. The business’s 50 day moving average price is $26.42 and its 200-day moving average price is $25.98. The firm has a market capitalization of $21.11 billion, a PE ratio of 26.22, a P/E/G ratio of 0.41 and a beta of 1.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.67. ArcelorMittal has a 52-week low of $21.30 and a 52-week high of $29.15.
ArcelorMittal Dividend Announcement
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 17th will be issued a $0.213 dividend. The ex-dividend date of this dividend is Thursday, May 16th. ArcelorMittal’s payout ratio is 42.00%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on MT
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.
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