United States Steel Co. (NYSE:X) – Equities research analysts at Jefferies Group issued their Q2 2018 earnings per share estimates for shares of United States Steel in a research report issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst S. Rosenfeld anticipates that the basic materials company will post earnings per share of $1.44 for the quarter. Jefferies Group also issued estimates for United States Steel’s Q4 2018 earnings at $0.96 EPS and FY2019 earnings at $3.49 EPS.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets increased their price target on United States Steel from $29.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. ValuEngine raised United States Steel from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen raised United States Steel from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $20.00 to $28.00 in a research report on Thursday, November 2nd. Longbow Research raised United States Steel from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Finally, Bank of America set a $46.00 price target on United States Steel and gave the stock a “buy” rating in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.47.
Shares of United States Steel (X) traded up $1.36 during midday trading on Monday, hitting $38.16. The stock had a trading volume of 5,543,377 shares, compared to its average volume of 11,462,835. The company has a market capitalization of $6,440.00, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.14 and a beta of 3.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.11 and a current ratio of 1.75. United States Steel has a one year low of $18.55 and a one year high of $41.83.
United States Steel (NYSE:X) last announced its earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.09. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share.
Several hedge funds have recently bought and sold shares of the company. Enterprise Financial Services Corp bought a new position in shares of United States Steel in the 3rd quarter worth about $120,000. CoreCommodity Management LLC bought a new position in shares of United States Steel in the 4th quarter worth about $152,000. US Bancorp DE raised its position in shares of United States Steel by 81.2% in the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 2,045 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of United States Steel in the 4th quarter valued at about $201,000. Finally, Dynamic Advisors Solutions LLC acquired a new stake in shares of United States Steel in the 4th quarter valued at about $202,000. 64.31% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Colleen M. Darragh sold 1,060 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total transaction of $40,121.00. Following the completion of the transaction, the vice president now directly owns 18,076 shares of the company’s stock, valued at approximately $684,176.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David B. Burritt sold 36,072 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $39.95, for a total value of $1,441,076.40. Following the transaction, the chief executive officer now directly owns 166,411 shares of the company’s stock, valued at $6,648,119.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,706 shares of company stock worth $4,653,456. 1.00% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, February 8th. United States Steel’s dividend payout ratio (DPR) is 9.17%.
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About United States Steel
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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