FY2026 Earnings Estimate for ArcelorMittal Issued By KeyCorp

ArcelorMittal (NYSE:MT) – Equities research analysts at KeyCorp issued their FY2026 EPS estimates for shares of ArcelorMittal in a research report issued to clients and investors on Tuesday, June 23rd. KeyCorp analyst S. Mckinney forecasts that the basic materials company will post earnings per share of $4.75 for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for ArcelorMittal’s current full-year earnings is $4.71 per share.

ArcelorMittal (NYSE:MT) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. The business had revenue of $15.46 billion for the quarter, compared to the consensus estimate of $17.04 billion. ArcelorMittal had a net margin of 4.71% and a return on equity of 4.77%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS.

Several other research firms have also commented on MT. Weiss Ratings raised shares of ArcelorMittal from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on ArcelorMittal from $60.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Santander downgraded ArcelorMittal from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of ArcelorMittal in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. cut ArcelorMittal from an “overweight” rating to an “underweight” rating in a research report on Monday, March 9th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.07.

ArcelorMittal Trading Up 0.4%

Shares of ArcelorMittal stock opened at $61.70 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.39 and a quick ratio of 0.54. The firm has a fifty day moving average price of $63.99 and a 200 day moving average price of $57.20. ArcelorMittal has a 1 year low of $30.17 and a 1 year high of $72.50. The stock has a market cap of $47.81 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.49 and a beta of 1.53.

Institutional Investors Weigh In On ArcelorMittal

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC raised its holdings in ArcelorMittal by 41.4% in the 4th quarter. True Wealth Design LLC now owns 799 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 234 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in ArcelorMittal in the fourth quarter valued at approximately $44,000. Allworth Financial LP increased its position in shares of ArcelorMittal by 91.5% in the fourth quarter. Allworth Financial LP now owns 1,126 shares of the basic materials company’s stock valued at $51,000 after buying an additional 538 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of ArcelorMittal by 126.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,146 shares of the basic materials company’s stock worth $52,000 after buying an additional 640 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of ArcelorMittal by 44.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,635 shares of the basic materials company’s stock valued at $47,000 after buying an additional 501 shares in the last quarter. 9.29% of the stock is currently owned by institutional investors and hedge funds.

ArcelorMittal Company Profile

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.