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

September 25, 2018 - By Nadine Davis

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

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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