ArcelorMittal (NYSE:MT – Get Free Report) released its quarterly earnings results on Thursday. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03, Zacks reports. The business had revenue of $15.46 billion during the quarter, compared to the consensus estimate of $17.04 billion. ArcelorMittal had a return on equity of 4.79% and a net margin of 4.71%.The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 Trading Down 0.6%
MT stock traded down $0.34 during midday trading on Friday, hitting $56.87. The stock had a trading volume of 2,023,120 shares, compared to its average volume of 1,519,022. The firm has a market cap of $44.08 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.48. 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 company’s 50-day moving average price is $57.32 and its 200 day moving average price is $50.24.
ArcelorMittal Dividend Announcement
Institutional Trading of ArcelorMittal
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compound Planning Inc. purchased a new stake in ArcelorMittal in the 4th quarter valued at about $232,000. Invesco Ltd. grew its holdings in ArcelorMittal by 239.8% in the 4th quarter. Invesco Ltd. now owns 19,785 shares of the basic materials company’s stock valued at $902,000 after buying an additional 13,963 shares during the period. Axxcess Wealth Management LLC purchased a new stake in ArcelorMittal in the 4th quarter valued at about $1,111,000. Mercer Global Advisors Inc. ADV grew its holdings in ArcelorMittal by 3.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 89,543 shares of the basic materials company’s stock valued at $4,080,000 after buying an additional 3,036 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in ArcelorMittal in the 4th quarter valued at about $581,000. Hedge funds and other institutional investors own 9.29% of the company’s stock.
More ArcelorMittal News
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
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on ArcelorMittal from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ArcelorMittal in a research note on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of ArcelorMittal in a research note on Tuesday, February 17th. Santander cut ArcelorMittal from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 21st. Finally, Oddo Bhf upgraded shares of ArcelorMittal from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 14th. Five 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.07.
Read Our Latest Research Report on ArcelorMittal
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.
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