United States Steel Co. (NYSE:X) – Stock analysts at KeyCorp lifted their Q2 2018 EPS estimates for United States Steel in a note issued to investors on Wednesday, June 13th. KeyCorp analyst P. Gibbs now forecasts that the basic materials company will earn $1.23 per share for the quarter, up from their prior estimate of $1.22. KeyCorp also issued estimates for United States Steel’s FY2018 earnings at $6.06 EPS and FY2019 earnings at $4.59 EPS.
X has been the subject of several other research reports. Bank of America upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a report on Friday, April 27th. Citigroup upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.55 to $47.64 in a report on Monday, April 2nd. UBS Group lowered their target price on shares of United States Steel from $30.00 to $28.00 and set a “sell” rating for the company in a report on Friday, May 11th. Zacks Investment Research lowered shares of United States Steel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 14th. Finally, Argus restated a “buy” rating and issued a $52.00 target price (up previously from $41.00) on shares of United States Steel in a report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. United States Steel has a consensus rating of “Hold” and an average price target of $41.17.
United States Steel opened at $36.05 on Monday, Marketbeat.com reports. The stock has a market capitalization of $6.37 billion, a PE ratio of 18.58, a PEG ratio of 0.85 and a beta of 3.03. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.02. United States Steel has a 12-month low of $20.02 and a 12-month high of $47.64.
United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, April 26th. The basic materials company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. United States Steel had a net margin of 4.62% and a return on equity of 17.92%. United States Steel’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.83) earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Investors of record on Thursday, May 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. United States Steel’s payout ratio is 10.31%.
In other United States Steel news, CFO Kevin Bradley bought 10,000 shares of the business’s stock in a transaction on Tuesday, May 1st. The shares were acquired at an average price of $32.42 per share, with a total value of $324,200.00. Following the transaction, the chief financial officer now owns 93,496 shares of the company’s stock, valued at approximately $3,031,140.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sara A. Greenstein sold 3,607 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $37.50, for a total transaction of $135,262.50. Following the transaction, the vice president now directly owns 47,962 shares in the company, valued at approximately $1,798,575. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. A.R.T. Advisors LLC increased its position in United States Steel by 1.7% during the 1st quarter. A.R.T. Advisors LLC now owns 83,900 shares of the basic materials company’s stock valued at $2,952,000 after purchasing an additional 1,400 shares during the period. Advisor Group Inc. grew its position in shares of United States Steel by 11.8% in the 4th quarter. Advisor Group Inc. now owns 17,228 shares of the basic materials company’s stock worth $606,000 after buying an additional 1,822 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of United States Steel by 3.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 54,650 shares of the basic materials company’s stock worth $1,923,000 after buying an additional 1,830 shares during the last quarter. Amalgamated Bank grew its position in shares of United States Steel by 6.0% in the 4th quarter. Amalgamated Bank now owns 35,238 shares of the basic materials company’s stock worth $1,240,000 after buying an additional 2,001 shares during the last quarter. Finally, US Bancorp DE grew 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 buying an additional 2,045 shares during the last quarter. 71.60% of the stock is currently owned by institutional investors and hedge funds.
About United States Steel
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.
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