News coverage about ArcelorMittal (NYSE:MT) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. ArcelorMittal earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.8359149636326 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
Several analysts have issued reports on MT shares. JPMorgan Chase reissued a “buy” rating on shares of ArcelorMittal in a research note on Wednesday, March 7th. ValuEngine downgraded ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Bank of America raised ArcelorMittal from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 20th. Goldman Sachs reissued a “buy” rating on shares of ArcelorMittal in a research note on Monday, February 19th. Finally, Zacks Investment Research raised ArcelorMittal from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $36.00.
Shares of NYSE MT traded up $0.70 during mid-day trading on Tuesday, hitting $33.58. The company had a trading volume of 1,802,989 shares, compared to its average volume of 3,502,422. The stock has a market capitalization of $33,320.66, a price-to-earnings ratio of 6.29, a PEG ratio of 0.63 and a beta of 2.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.25 and a quick ratio of 0.41. ArcelorMittal has a one year low of $19.59 and a one year high of $37.50.
ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The company had revenue of $17.71 billion during the quarter, compared to analysts’ expectations of $18.34 billion. ArcelorMittal had a return on equity of 12.03% and a net margin of 6.65%. During the same quarter last year, the company earned $0.39 EPS. sell-side analysts expect that ArcelorMittal will post 3.86 EPS for the current year.
ArcelorMittal declared that its Board of Directors has authorized a stock buyback plan on Tuesday, March 13th that authorizes the company to repurchase $280.00 million in shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 13th. Stockholders of record on Friday, May 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, May 17th.
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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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