Jefferies Group has a "Buy" rating on the stock. The difference between the expected and actual EPS was $0.04/share, which represents an Earnings surprise of 3.8%. ArcelorMittal had a return on equity of 10.52% and a net margin of 5.50%.
Steel shipments of 21.7Mt increased 6.8% year-over-year.
The Luxembourg-based steelmaker increased its EBITDA, or Earnings Before Interest, Taxes, Depreciation and Amortization, by 1.5 percent to $1.92 billion in the third quarter that ran from July to September because of strong demand and favorable market conditions.
TRADEMARK VIOLATION WARNING: This piece was originally posted by BBNS and is owned by of BBNS. If you are viewing this news story on another website, it was copied illegally and reposted in violation of U.S. & worldwide trademark and copyright law. Zacks Investment Research lowered shares of ArcelorMittal from a "buy" rating to a "hold" rating in a research report on Wednesday. ValuEngine downgraded ArcelorMittal from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, September 26th. Finally, Cowen and Company set a $32.00 target price on shares of ArcelorMittal and gave the company a "buy" rating in a research note on Wednesday, August 23rd. The firm earned "Buy" rating on Tuesday, July 18 by Jefferies. UBS AG raised ArcelorMittal from a neutral rating to a buy rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. The company has an average rating of "Buy" and an average target price of $32.72. ArcelorMittal shares last traded at $29.14, with a volume of 7300996 shares changing hands. The firm has a market capitalization of $29,682.24, a P/E ratio of 7.32 and a beta of 2.19. These analysts have also projected a Low Estimate of $0.86/share and a High Estimate of $0.86/share. More interesting news about ArcelorMittal SA (ADR) (NYSE:MT) were released by: Investorplace.com and their article: "ArcelorMittal SA (ADR) (MT) Rides Higher Steel Prices to Earnings Beat" published on May 12, 2017 as well as Investorplace.com's news article titled: "Why General Electric Company (GE), Nordstrom, Inc". The institutional investor owned 14,196 shares of the basic materials company's stock after selling 190,940 shares during the quarter. Integrated Investment Consultants LLC acquired a new stake in shares of ArcelorMittal during the 2nd quarter worth approximately $111,000. However, it still came in above Wall Street's earnings per share estimate of 86 cents for the quarter and was good news for MT stock. BNP Paribas Arbitrage SA now owns 50,381 shares of the company's stock worth $235,000 after buying an additional 23,518 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its position in shares of ArcelorMittal by 71.3% in the third quarter. Eagle Asset Management Inc. now owns 24,632 shares of the company's stock worth $114,000 after buying an additional 10,250 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ArcelorMittal in the third quarter worth about $229,000. Princeton Alpha Management LP bought a new stake in ArcelorMittal SA during the second quarter worth $156,000.