Cleveland-Cliffs (NYSE:CLF) is scheduled to be releasing its earnings data before the market opens on Friday, July 19th. Analysts expect Cleveland-Cliffs to post earnings of $0.51 per share for the quarter.
Cleveland-Cliffs (NYSE:CLF) last released its earnings results on Thursday, April 25th. The mining company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. Cleveland-Cliffs had a return on equity of 786.91% and a net margin of 51.54%. The business had revenue of $157.00 million during the quarter, compared to analysts’ expectations of $116.91 million. During the same quarter last year, the firm posted ($0.08) earnings per share. The firm’s revenue was down 12.8% on a year-over-year basis. On average, analysts expect Cleveland-Cliffs to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE CLF opened at $10.24 on Friday. The business’s 50 day simple moving average is $9.88. Cleveland-Cliffs has a one year low of $7.40 and a one year high of $13.10. The firm has a market capitalization of $2.90 billion, a PE ratio of 4.81 and a beta of 1.92. The company has a quick ratio of 1.82, a current ratio of 2.86 and a debt-to-equity ratio of 7.97.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.24 annualized dividend and a yield of 2.34%. This is a boost from Cleveland-Cliffs’s previous quarterly dividend of $0.05. Cleveland-Cliffs’s dividend payout ratio (DPR) is currently 11.27%.
In other news, Director Robert P. Fisher, Jr. acquired 3,000 shares of Cleveland-Cliffs stock in a transaction on Monday, June 3rd. The stock was purchased at an average price of $8.92 per share, with a total value of $26,760.00. Following the completion of the purchase, the director now owns 113,398 shares of the company’s stock, valued at approximately $1,011,510.16. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael D. Siegal acquired 7,500 shares of Cleveland-Cliffs stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of $9.76 per share, with a total value of $73,200.00. Following the purchase, the director now directly owns 75,271 shares of the company’s stock, valued at approximately $734,644.96. The disclosure for this purchase can be found here. Insiders acquired 30,500 shares of company stock valued at $290,310 in the last three months. Insiders own 1.32% of the company’s stock.
Several research firms recently commented on CLF. B. Riley raised their target price on Cleveland-Cliffs from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Credit Suisse Group set a $123.00 target price on Hershey and gave the stock a “hold” rating in a research note on Friday, April 26th. Zacks Investment Research cut GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group set a $250.00 target price on FleetCor Technologies and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Cleveland-Cliffs currently has a consensus rating of “Hold” and an average price target of $12.50.
Cleveland-Cliffs Inc operates as an iron ore mining company in the United States. The company operates four iron ore mines in Michigan and Minnesota. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.
Featured Story: What kind of dividend yield to CEF’s pay?
Receive News & Ratings for Cleveland-Cliffs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cleveland-Cliffs and related companies with MarketBeat.com's FREE daily email newsletter.