ArcelorMittal (NYSE:MT) Issues Quarterly Earnings Results

ArcelorMittal (NYSE:MT) announced its quarterly earnings data on Thursday. The basic materials company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03, Zacks reports. The firm had revenue of $15.46 billion during the quarter, compared to analysts’ expectations of $17.04 billion. ArcelorMittal had a return on equity of 4.79% and a net margin of 4.71%.The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS.

Here are the key takeaways from ArcelorMittal’s conference call:

• EBITDA of $131/ton (up $15/ton YoY) and margins ~50% above historical averages, with underlying free cash flow (ex seasonal working capital and strategic CapEx) annualizing at >$2 billion, signalling materially stronger earnings power and cash generation potential.
• ArcelorMittal is advancing EAF projects (Dunkirk, Sestao, Gijón) that it says will deliver an incremental EUR 1.8 billion of EBITDA from 2026, supported by a competitive long‑term energy contract and government backing for Dunkirk.
• Management expects meaningful policy-driven upside in Europe as CBAM and the new Tariff‑Rate Quota (TRQ) from 1 July 2026 regionalize markets, reduce unfair imports, strengthen orderbooks and drive higher prices and Q2 EBITDA improvements.
• Near‑term headwinds remain: imports are still elevated into Q2 ahead of the TRQ, Q1 European production was hit by maintenance, and Ukraine’s high energy costs materially depressed Q1 EBITDA; broader energy volatility (Middle East) is an ongoing downside risk.
• Iron‑ore production and shipments are ramping toward full capacity (targeting ~18Mt shipments in H2) and Indian gas exposure is largely hedged, but mining profitability will be sensitive to steel prices, freight costs and seasonal logistics.

ArcelorMittal Price Performance

Shares of MT stock traded down $0.34 on Friday, hitting $56.87. 2,023,120 shares of the company’s stock were exchanged, compared to its average volume of 1,519,022. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.36 and a quick ratio of 0.53. ArcelorMittal has a 12 month low of $29.62 and a 12 month high of $67.60. The stock has a market cap of $44.08 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.48. The company has a 50 day moving average of $57.32 and a 200 day moving average of $50.24.

ArcelorMittal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 13th. ArcelorMittal’s dividend payout ratio is currently 12.44%.

Analyst Upgrades and Downgrades

MT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ArcelorMittal in a report on Friday, February 6th. JPMorgan Chase & Co. lowered shares of ArcelorMittal from an “overweight” rating to an “underweight” rating in a report on Monday, March 9th. Morgan Stanley reissued an “overweight” rating on shares of ArcelorMittal in a report on Tuesday, February 17th. Santander lowered shares of ArcelorMittal from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ArcelorMittal in a report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.07.

Key Headlines Impacting ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: EU steel tariff increase could lift volumes and pricing in Europe, a potential near‑term boost to ArcelorMittal’s margins and production plans. ArcelorMittal Eyes Boost From EU’s Doubled Steel Tariffs
• Positive Sentiment: Company highlighted record Liberian output and operational resilience, which supports raw‑material security and lowers unit costs — a constructive factor for medium‑term cash flow. Is Strong Q1 Resilience And Record Liberian Output Altering The Investment Case For ArcelorMittal
• Positive Sentiment: Wells Fargo raised its price target (from $60 to $61) while keeping an “equal weight” rating — a modest vote of confidence that offers limited upside from current levels. Wells Fargo price target update via Benzinga
• Neutral Sentiment: Q1 earnings call/transcript shows management pointing to volume resilience and cost actions but acknowledging market headwinds; watch for commentary on spreads and guidance in the full transcript. ArcelorMittal S.A. (MT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analysts and sites (Zacks) dug into Q1 metrics — revenue grew year‑over‑year but margins and some KPIs show mixed signals; useful for model updates but not a clear direction. Here’s What Key Metrics Tell Us About ArcelorMittal (MT) Q1 Earnings
• Negative Sentiment: Revenue missed expectations (reported ~$15.46B vs. ~$17.04B consensus) and net profit/earnings declined versus the prior year (EPS down to $0.75 from $1.05), raising concerns about margin pressure and demand softness. ArcelorMittal Q1 2026 results press release
• Negative Sentiment: Market reaction reflects investor worry that weaker-than-expected top‑line and continuing profit slide could limit near‑term multiple expansion despite operational positives. MarketBeat Q1 coverage

Institutional Trading of ArcelorMittal

Institutional investors and hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of ArcelorMittal during the 4th quarter worth $44,000. CIBC Private Wealth Group LLC lifted its position in shares of ArcelorMittal by 126.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,146 shares of the basic materials company’s stock worth $52,000 after buying an additional 640 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of ArcelorMittal by 44.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,635 shares of the basic materials company’s stock worth $47,000 after buying an additional 501 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of ArcelorMittal during the 4th quarter worth $92,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of ArcelorMittal by 268.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,422 shares of the basic materials company’s stock worth $76,000 after buying an additional 1,765 shares during the last quarter. 9.29% of the stock is currently owned by institutional investors.

About ArcelorMittal

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.