Cleveland-Cliffs (CLF) Set to Announce Earnings on Thursday

Cleveland-Cliffs (NYSE:CLF) is scheduled to release its earnings data before the market opens on Thursday, January 25th. Analysts expect Cleveland-Cliffs to post earnings of $0.37 per share for the quarter.

Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings data on Friday, October 20th. The mining company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. Cleveland-Cliffs had a net margin of 5.48% and a negative return on equity of 29.06%. The business had revenue of $698.00 million during the quarter, compared to analysts’ expectations of $669.25 million. During the same period in the previous year, the company earned ($0.11) earnings per share. Cleveland-Cliffs’s revenue for the quarter was up 26.2% on a year-over-year basis. On average, analysts expect Cleveland-Cliffs to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Cleveland-Cliffs (NYSE:CLF) opened at $8.49 on Thursday. The company has a debt-to-equity ratio of -2.03, a current ratio of 1.89 and a quick ratio of 1.18. Cleveland-Cliffs has a one year low of $5.56 and a one year high of $12.37. The firm has a market cap of $2,520.00, a price-to-earnings ratio of 13.27 and a beta of 1.61.

A number of brokerages have recently weighed in on CLF. B. Riley restated a “buy” rating on shares of Cleveland-Cliffs in a research note on Wednesday, November 1st. FBR & Co set a $10.00 target price on shares of Cleveland-Cliffs and gave the stock a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. KeyCorp reaffirmed a “hold” rating on shares of Cleveland-Cliffs in a research report on Friday, November 24th. Finally, Cowen set a $7.00 target price on shares of Cleveland-Cliffs and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.29.

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Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc, is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore.

Earnings History for Cleveland-Cliffs (NYSE:CLF)

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