ArcelorMittal (NYSE:MT) issued its quarterly earnings data on Thursday. The basic materials company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.52, Morningstar.com reports. The firm had revenue of $18.33 billion for the quarter, compared to analyst estimates of $18.47 billion. ArcelorMittal had a return on equity of 13.40% and a net margin of 6.77%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis.
MT opened at $21.98 on Friday. The firm has a market cap of $22.42 billion, a PE ratio of 3.82, a P/E/G ratio of 3.12 and a beta of 2.03. ArcelorMittal has a 52-week low of $19.50 and a 52-week high of $36.84. The company has a current ratio of 1.38, a quick ratio of 0.60 and a debt-to-equity ratio of 0.21.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MT. Deutsche Bank AG grew its holdings in shares of ArcelorMittal by 137.3% during the 3rd quarter. Deutsche Bank AG now owns 1,237,432 shares of the basic materials company’s stock worth $38,186,000 after purchasing an additional 715,890 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in ArcelorMittal by 77.4% in the third quarter. JPMorgan Chase & Co. now owns 891,090 shares of the basic materials company’s stock valued at $27,498,000 after buying an additional 388,896 shares in the last quarter. Credit Suisse AG boosted its stake in ArcelorMittal by 62.5% in the third quarter. Credit Suisse AG now owns 882,420 shares of the basic materials company’s stock valued at $27,231,000 after buying an additional 339,294 shares in the last quarter. Renaissance Technologies LLC boosted its stake in ArcelorMittal by 30.4% in the third quarter. Renaissance Technologies LLC now owns 1,070,032 shares of the basic materials company’s stock valued at $33,057,000 after buying an additional 249,631 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in ArcelorMittal in the second quarter valued at about $6,266,000. 3.10% of the stock is currently owned by institutional investors.
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ArcelorMittal Company Profile
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.
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