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ArcelorMittal (NYSE:MT - Get Rating) issued its earnings results on Wednesday. The basic materials company reported $4.24 EPS for the quarter, topping the consensus estimate of $4.19 by $0.05, Fidelity Earnings reports. The business had revenue of $22.14 billion during the quarter, compared to analysts' expectations of $21.75 billion. ArcelorMittal had a return on equity of 32.88% and a net margin of 20.43%. ArcelorMittal's revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.46 earnings per share. ArcelorMittal Stock Up 4.5 %

Shares of NYSE:MT traded up $1.05 during trading on Friday, hitting $24.57. 147,186 shares of the company's stock traded hands, compared to its average volume of 4,517,916. ArcelorMittal has a 52 week low of $20.86 and a 52 week high of $37.87. The company has a current ratio of 1.55, a quick ratio of 0.71 and a debt-to-equity ratio of 0.11. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 1.55 and a beta of 2.00. The company has a 50-day moving average price of $26.16 and a 200-day moving average price of $29.50. Institutional Investors Weigh In On ArcelorMittal

Several institutional investors have recently bought and sold shares of the company. Thomas White International Ltd. grew its stake in shares of ArcelorMittal by 8.4% in the first quarter. Thomas White International Ltd. now owns 68,396 shares of the basic materials company's stock valued at $2,190,000 after buying an additional 5,303 shares in the last quarter. Natixis Advisors L.P. lifted its stake in ArcelorMittal by 34.9% in the first quarter. Natixis Advisors L.P. now owns 62,143 shares of the basic materials company's stock valued at $1,989,000 after acquiring an additional 16,083 shares during the last quarter. Guggenheim Capital LLC lifted its stake in ArcelorMittal by 41.8% in the first quarter. Guggenheim Capital LLC now owns 26,856 shares of the basic materials company's stock valued at $860,000 after acquiring an additional 7,923 shares during the last quarter. US Bancorp DE lifted its stake in ArcelorMittal by 75.4% in the first quarter. US Bancorp DE now owns 23,765 shares of the basic materials company's stock valued at $760,000 after acquiring an additional 10,217 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in ArcelorMittal by 15.0% in the first quarter. Bank of New York Mellon Corp now owns 17,618 shares of the basic materials company's stock valued at $564,000 after acquiring an additional 2,294 shares during the last quarter. Institutional investors own 41.79% of the company's stock. Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. lowered ArcelorMittal from an "overweight" rating to a "neutral" rating in a report on Wednesday, June 22nd. Morgan Stanley increased their price objective on ArcelorMittal from €46.00 ($46.94) to €46.10 ($47.04) and gave the stock an "overweight" rating in a report on Thursday, June 23rd. UBS Group cut their target price on ArcelorMittal from €38.00 ($38.78) to €27.00 ($27.55) in a report on Tuesday. StockNews.com upgraded ArcelorMittal from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 17th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on ArcelorMittal from $53.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.16.ArcelorMittal Company Profile (Get Rating)

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, which includes blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.Read MoreGet a free copy of the StockNews.com research report on ArcelorMittal (MT)The One Question You Have to Ask Before Investing in INTC Stock Home Depot: A Beautiful Boring Stock to Navigate a Bear Market Could CRISPR Therapeutics be a Moonshot Hiding in Plain Sight? Why Apple Shares May Have Room to Move Higher After Earnings Windfall Profits Have Exxon Mobil On Track For New Highs

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