EPS for Cleveland-Cliffs Inc. (CLF) Expected At $0.18

January 16, 2018 - By Clifton Ray

 EPS for Cleveland Cliffs Inc. (CLF) Expected At $0.18
Investors sentiment decreased to 0.01 in 2017 Q3. Its down 1.10, from 1.11 in 2017Q2. It dropped, as 191 investors sold Cleveland-Cliffs Inc. shares while 0 reduced holdings. 1 funds opened positions while 0 raised stakes. 81,846 shares or 99.95% less from 168.80 million shares in 2017Q2 were reported.
Focused Wealth Management has invested 0.03% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF). 19,390 were accumulated by Meridian Counsel. Kazazian Asset Mgmt Limited Liability Co owns 12,114 shares. Dreman Value L L C stated it has 38,642 shares. Peddock Advsr Limited Liability Company owns 200 shares. Vantage Investment Advsrs Ltd Llc has 200 shares for 0% of their portfolio.

Analysts expect Cleveland-Cliffs Inc. (NYSE:CLF) to report $0.18 EPS on February, 8.They anticipate $0.23 EPS change or 56.10 % from last quarter’s $0.41 EPS. CLF’s profit would be $53.38 million giving it 12.06 P/E if the $0.18 EPS is correct. After having $0.36 EPS previously, Cleveland-Cliffs Inc.’s analysts see -50.00 % EPS growth. The stock decreased 1.48% or $0.13 during the last trading session, reaching $8.68. About 18.67 million shares traded or 59.25% up from the average. Cleveland-Cliffs Inc. (NYSE:CLF) has risen 122.26% since January 16, 2017 and is uptrending. It has outperformed by 105.56% the S&P500.

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

Among 12 analysts covering Cliffs Natural Resources Inc (NYSE:CLF), 3 have Buy rating, 3 Sell and 6 Hold. Therefore 25% are positive. Cliffs Natural Resources Inc had 30 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by FBR Capital given on Monday, November 2. Macquarie Research downgraded the stock to “Neutral” rating in Friday, January 8 report. FBR Capital initiated it with “Mkt Perform” rating and $3.50 target in Friday, September 18 report. The rating was downgraded by JP Morgan on Monday, October 23 to “Neutral”. Macquarie Research maintained it with “Outperform” rating and $10 target in Monday, August 29 report. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, May 31 report. The firm has “Hold” rating given on Monday, August 31 by Vetr. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) earned “Hold” rating by KeyBanc Capital Markets on Thursday, October 19. The company was maintained on Thursday, June 15 by FBR Capital. The rating was maintained by Deutsche Bank with “Hold” on Monday, October 5.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $2.57 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 17.82 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

More important recent Cleveland-Cliffs Inc. (NYSE:CLF) news were published by: Nasdaq.com which released: “Cleveland-Cliffs (CLF) Catches Eye: Stock Jumps 9.4%” on January 12, 2018, also Seekingalpha.com published article titled: “Cleveland-Cliffs: $8.50 Target Reached, What’s Next?”, Seekingalpha.com published: “The Case For Cleveland-Cliffs” on December 27, 2017. More interesting news about Cleveland-Cliffs Inc. (NYSE:CLF) was released by: Seekingalpha.com and their article: “Cleveland-Cliffs: New Bond Issues Provides Leverage” with publication date: December 20, 2017.

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