Cleveland-Cliffs Inc. (CLF) Analysts See $0.69 EPS

September 25, 2018 - By Robert Shackelford

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. The rating was maintained by Morgan Stanley on Friday, June 29 with “Equal-Weight”. The firm earned “Overweight” rating on Monday, July 23 by JP Morgan. The firm has “Buy” rating given on Monday, July 23 by FBR Capital. Jefferies maintained Cleveland-Cliffs Inc. (NYSE:CLF) on Friday, April 20 with “Buy” rating. Citigroup maintained the stock with “Buy” rating in Monday, July 23 report. Citigroup initiated the stock with “Buy” rating in Wednesday, June 6 report. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, April 24. On Wednesday, May 9 the stock rating was initiated by Seaport Global with “Buy”. The company was maintained on Friday, July 27 by Morgan Stanley. The firm earned “Buy” rating on Tuesday, April 17 by FBR Capital.

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 to help launch ad campaign praising Trump tariffs” on September 14, 2018. Seekingalpha.com‘s article titled: “Cleveland-Cliffs: Next Target $15.00” and published on September 20, 2018 is yet another important article.

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

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