Cleveland-Cliffs (CLF) Set to Announce Earnings on Thursday

Cleveland-Cliffs (NYSE:CLF) is scheduled to post its quarterly earnings results before the market opens on Thursday, January 25th. Analysts expect Cleveland-Cliffs to post earnings of $0.37 per share for the quarter.

Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings results on Friday, October 20th. The mining company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm had revenue of $698.00 million for the quarter, compared to analyst estimates of $669.25 million. Cleveland-Cliffs had a net margin of 5.48% and a negative return on equity of 29.06%. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. On average, analysts expect Cleveland-Cliffs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Cleveland-Cliffs (NYSE CLF) opened at $8.49 on Thursday. The stock has a market cap of $2,520.00, a price-to-earnings ratio of 13.27 and a beta of 1.61. The company has a quick ratio of 1.18, a current ratio of 1.89 and a debt-to-equity ratio of -2.03. Cleveland-Cliffs has a fifty-two week low of $5.56 and a fifty-two week high of $12.37.

Several equities research analysts have issued reports on the stock. B. Riley reissued a “buy” rating on shares of Cleveland-Cliffs in a report on Wednesday, November 1st. FBR & Co set a $10.00 target price on shares of Cleveland-Cliffs and gave the stock a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Cleveland-Cliffs from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. KeyCorp reaffirmed a “hold” rating on shares of Cleveland-Cliffs in a report on Friday, November 24th. Finally, Cowen set a $7.00 target price on shares of Cleveland-Cliffs and gave the stock a “hold” rating in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.29.

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Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc, is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore.

Earnings History for Cleveland-Cliffs (NYSE:CLF)

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