Brokerages predict that Cleveland-Cliffs Inc (NYSE:CLF) will report earnings per share (EPS) of ($zero.19) for the present quarter, Zacks Investment Research studies. Two analysts have made estimates for Cleveland-Cliffs’ earnings. The bottom EPS estimate is ($zero.23) and the very best is ($zero.14). Cleveland-Cliffs posted earnings of $zero.33 per share throughout the identical quarter final 12 months, which signifies a destructive year-over-year progress fee of 157.6%. The corporate is anticipated to problem its subsequent quarterly earnings outcomes on Wednesday, October 28th.
On common, analysts count on that Cleveland-Cliffs will report full-year earnings of ($zero.60) per share for the present 12 months. For the following 12 months, analysts anticipate that the enterprise will report earnings of $zero.79 per share, with EPS estimates starting from $zero.30 to $1.58. Zacks’ earnings per share calculations are a imply common primarily based on a survey of sell-side analysis companies that observe Cleveland-Cliffs.
Cleveland-Cliffs (NYSE:CLF) final issued its earnings outcomes on Thursday, July 30th. The mining firm reported ($zero.31) EPS for the quarter, beating the consensus estimate of ($zero.51) by $zero.20. The corporate had income of $1.09 billion through the quarter, in comparison with analysts’ expectations of $1.07 billion. Cleveland-Cliffs had a destructive web margin of zero.86% and a constructive return on fairness of 6.53%.
Individually, ValuEngine raised shares of Cleveland-Cliffs from a “promote” score to a “maintain” score in a analysis notice on Thursday, July 2nd. Six analysis analysts have rated the inventory with a maintain score, three have given a purchase score and one has assigned a powerful purchase score to the corporate. The corporate presently has a consensus score of “Purchase” and a median worth goal of $eight.69.
A number of institutional traders and hedge funds have just lately purchased and bought shares of the corporate. State Road Corp raised its place in shares of Cleveland-Cliffs by 36.2% within the 1st quarter. State Road Corp now owns 15,017,071 shares of the mining firm’s inventory price $59,317,000 after buying a further three,995,255 shares over the last quarter. Fisher Asset Administration LLC raised its place in Cleveland-Cliffs by 40.four% within the 2nd quarter. Fisher Asset Administration LLC now owns 12,816,751 shares of the mining firm’s inventory price $70,748,000 after shopping for a further three,687,729 shares over the last quarter. Financial institution of New York Mellon Corp raised its place in Cleveland-Cliffs by 25.eight% within the 1st quarter. Financial institution of New York Mellon Corp now owns 6,162,169 shares of the mining firm’s inventory price $24,340,000 after shopping for a further 1,263,zero14 shares over the last quarter. Principal Monetary Group Inc. raised its place in Cleveland-Cliffs by 30.2% within the 2nd quarter. Principal Monetary Group Inc. now owns 5,765,973 shares of the mining firm’s inventory price $31,829,000 after shopping for a further 1,336,842 shares over the last quarter. Lastly, Geode Capital Administration LLC raised its place in Cleveland-Cliffs by 58.7% within the 1st quarter. Geode Capital Administration LLC now owns 5,515,053 shares of the mining firm’s inventory price $21,784,000 after shopping for a further 2,038,877 shares over the last quarter. 66.99% of the inventory is owned by hedge funds and different institutional traders.
Shares of NYSE:CLF opened at $6.48 on Friday. The agency has a 50 day shifting common of $5.83 and a 200-day shifting common of $5.29. The inventory has a market capitalization of $2.52 billion, a PE ratio of 92.57 and a beta of 1.92. The corporate has a present ratio of two.55, a fast ratio of zero.68 and a debt-to-equity ratio of three.98. Cleveland-Cliffs has a 12 month low of $2.63 and a 12 month excessive of $9.02.
Cleveland-Cliffs Inc operates as an iron ore mining firm in america. The corporate operates 4 iron ore mines in Michigan and Minnesota. It sells its merchandise to built-in metal corporations and metal producers in america and the Asia Pacific. The corporate was previously often known as Cliffs Pure Assets Inc and altered its title to Cleveland-Cliffs Inc in August 2017.
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