Cleveland-Cliffs (NYSE:CLF) issued its quarterly earnings results on Friday. The mining company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $742.00 million for the quarter, compared to the consensus estimate of $736.06 million. Cleveland-Cliffs had a net margin of 20.07% and a negative return on equity of 76.39%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share.
Shares of CLF traded down $0.74 on Friday, hitting $10.74. The company’s stock had a trading volume of 730,261 shares, compared to its average volume of 8,331,147. The company has a market capitalization of $3.53 billion, a P/E ratio of 21.50 and a beta of 1.71. The company has a debt-to-equity ratio of -7.50, a current ratio of 3.26 and a quick ratio of 2.72. Cleveland-Cliffs has a fifty-two week low of $5.60 and a fifty-two week high of $13.10.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, January 4th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.86%.
Cleveland-Cliffs Company Profile
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; and Koolyanobbing iron ore mining complex located in Western Australia. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.
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