United States Steel Co. (NYSE:X) – KeyCorp reduced their Q1 2018 EPS estimates for United States Steel in a research note issued on Thursday. KeyCorp analyst P. Gibbs now forecasts that the basic materials company will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.36.
United States Steel (NYSE:X) last issued its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis.
Several other equities research analysts have also recently commented on the stock. Goldman Sachs began coverage on shares of United States Steel in a research report on Tuesday. They set a “neutral” rating and a $45.00 price target on the stock. Vetr cut shares of United States Steel from a “buy” rating to a “hold” rating and set a $40.74 price target on the stock. in a research report on Monday. Zacks Investment Research cut shares of United States Steel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Vertical Group lowered shares of United States Steel from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United States Steel from $48.00 to $69.00 in a research note on Friday, March 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. United States Steel presently has a consensus rating of “Hold” and an average price target of $37.57.
Shares of United States Steel stock opened at $38.52 on Monday. 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 52-week low of $18.55 and a 52-week high of $47.64. The company has a market cap of $7,028.29, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.20 and a beta of 2.79.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Banco de Sabadell S.A acquired a new position in shares of United States Steel during the 4th quarter worth approximately $100,000. We Are One Seven LLC acquired a new position in shares of United States Steel during the 4th quarter worth approximately $132,000. CoreCommodity Management LLC acquired a new position in shares of United States Steel during the 4th quarter worth approximately $152,000. US Bancorp DE grew its position in shares of United States Steel by 81.2% during the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new position in shares of United States Steel during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 68.26% of the company’s stock.
In related news, VP Sara A. Greenstein sold 2,613 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $45.33, for a total value of $118,447.29. Following the transaction, the vice president now owns 51,250 shares in the company, valued at approximately $2,323,162.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP David J. Rintoul sold 14,290 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $35.00, for a total transaction of $500,150.00. Following the completion of the transaction, the senior vice president now owns 70,099 shares in the company, valued at approximately $2,453,465. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,885 shares of company stock worth $5,927,600. 1.01% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. United States Steel’s dividend payout ratio is presently 9.17%.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/21/q1-2018-eps-estimates-for-united-states-steel-co-decreased-by-keycorp-x.html.
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).
Receive News & Ratings for United States Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.