ArcelorMittal S.A. (NYSE:MT – Get Free Report) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 4,460,000 shares, a decline of 21.5% from the February 13th total of 5,680,000 shares. Based on an average trading volume of 2,230,000 shares, the short-interest ratio is presently 2.0 days. Approximately 0.6% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley lowered shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, ArcelorMittal has an average rating of “Moderate Buy” and a consensus target price of $31.17.
Read Our Latest Stock Report on ArcelorMittal
Hedge Funds Weigh In On ArcelorMittal
ArcelorMittal Trading Down 0.6 %
NYSE MT traded down $0.19 during trading on Monday, hitting $32.04. 1,485,103 shares of the company’s stock traded hands, compared to its average volume of 1,784,907. The stock has a fifty day moving average of $26.81 and a two-hundred day moving average of $25.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 0.59. ArcelorMittal has a 12-month low of $20.52 and a 12-month high of $34.90. The firm has a market cap of $26.25 billion, a P/E ratio of 19.42, a PEG ratio of 0.14 and a beta of 1.79.
ArcelorMittal (NYSE:MT – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. As a group, sell-side analysts expect that ArcelorMittal will post 3.72 EPS for the current year.
ArcelorMittal Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.275 per share. This represents a dividend yield of 1.5%. This is an increase from ArcelorMittal’s previous semi-annual dividend of $0.21. The ex-dividend date is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio is 25.45%.
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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