$0.69 EPS Expected for Cleveland-Cliffs Inc. (CLF)

September 25, 2018 - By Margaret Guttierez

Cleveland-Cliffs Inc. (NYSE:CLF) Logo

Analysts expect Cleveland-Cliffs Inc. (NYSE:CLF) to report $0.69 EPS on October, 19.They anticipate $0.33 EPS change or 91.67 % from last quarter’s $0.36 EPS. CLF’s profit would be $205.61M giving it 4.49 P/E if the $0.69 EPS is correct. After having $0.76 EPS previously, Cleveland-Cliffs Inc.’s analysts see -9.21 % EPS growth. The stock increased 1.97% or $0.24 during the last trading session, reaching $12.4. About 8.54M shares traded. Cleveland-Cliffs Inc. (NYSE:CLF) has risen 45.49% since September 25, 2017 and is uptrending. It has outperformed by 29.87% the S&P500.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Coverage

Among 6 analysts covering Cleveland-Cliffs Inc (NYSE:CLF), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Cleveland-Cliffs Inc had 10 analyst reports since April 17, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Monday, July 23 report. Jefferies maintained it with “Buy” rating and $9.5000 target in Friday, April 20 report. As per Monday, July 23, the company rating was upgraded by JP Morgan. Seaport Global initiated Cleveland-Cliffs Inc. (NYSE:CLF) rating on Wednesday, May 9. Seaport Global has “Buy” rating and $1000 target. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) earned “Equal-Weight” rating by Morgan Stanley on Friday, June 29. The firm earned “Buy” rating on Wednesday, June 6 by Citigroup. The firm earned “Equal-Weight” rating on Tuesday, April 24 by Morgan Stanley. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) has “Buy” rating given on Monday, July 23 by FBR Capital. Morgan Stanley maintained the shares of CLF in report on Friday, July 27 with “Equal-Weight” rating. The rating was maintained by FBR Capital with “Buy” on Tuesday, April 17.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $3.70 billion. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It has a 8.37 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

More news for Cleveland-Cliffs Inc. (NYSE:CLF) were recently published by: Seekingalpha.com, which released: “Cleveland-Cliffs: Next Target $15.00” on September 20, 2018. Seekingalpha.com‘s article titled: “Cleveland-Cliffs to help launch ad campaign praising Trump tariffs” and published on September 14, 2018 is yet another important article.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Chart

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