FY2026 Earnings Estimate for ArcelorMittal Issued By KeyCorp

ArcelorMittal (NYSE:MT) – Equities research analysts at KeyCorp issued their FY2026 earnings estimates for shares of ArcelorMittal in a research report issued to clients and investors on Tuesday, June 23rd. KeyCorp analyst S. Mckinney forecasts that the basic materials company will earn $4.75 per share for the year. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for ArcelorMittal’s current full-year earnings is $4.71 per share.

Several other research analysts also recently commented on the company. Weiss Ratings raised ArcelorMittal from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Santander lowered shares of ArcelorMittal from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. cut shares of ArcelorMittal from an “overweight” rating to an “underweight” rating in a research report on Monday, March 9th. Wells Fargo & Company raised their price target on shares of ArcelorMittal from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Citigroup restated a “buy” rating on shares of ArcelorMittal in a research report on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.07.

ArcelorMittal Stock Performance

Shares of NYSE:MT opened at $61.70 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.39 and a quick ratio of 0.54. ArcelorMittal has a 1 year low of $30.17 and a 1 year high of $72.50. The firm has a market capitalization of $47.81 billion, a PE ratio of 16.19, a P/E/G ratio of 0.49 and a beta of 1.53. The business’s 50 day moving average price is $63.99 and its 200-day moving average price is $57.20.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. ArcelorMittal had a return on equity of 4.77% and a net margin of 4.71%.The company had revenue of $15.46 billion for the quarter, compared to analysts’ expectations of $17.04 billion. During the same period in the previous year, the firm posted $1.05 EPS. ArcelorMittal’s revenue was up 4.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in ArcelorMittal in the fourth quarter valued at about $1,126,000. AlphaCore Capital LLC increased its position in shares of ArcelorMittal by 672.4% during the third quarter. AlphaCore Capital LLC now owns 31,894 shares of the basic materials company’s stock valued at $1,153,000 after acquiring an additional 27,765 shares during the last quarter. Carrera Capital Advisors purchased a new stake in shares of ArcelorMittal in the 4th quarter valued at approximately $4,673,000. Retirement Systems of Alabama purchased a new stake in shares of ArcelorMittal in the 4th quarter valued at approximately $30,721,000. Finally, American Century Companies Inc. raised its stake in shares of ArcelorMittal by 17.4% in the 3rd quarter. American Century Companies Inc. now owns 461,149 shares of the basic materials company’s stock valued at $16,671,000 after acquiring an additional 68,505 shares during the period. Institutional investors and hedge funds own 9.29% of the company’s stock.

ArcelorMittal Company Profile

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.