United States Steel Corporation (NYSE:X) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of ~$1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.63.
Several research firms recently weighed in on X. Standpoint Research lowered shares of United States Steel Corporation from a buy rating to a reduce rating in a research report on Tuesday, September 5th. BidaskClub upgraded shares of United States Steel Corporation from a sell rating to a hold rating in a research report on Wednesday, July 12th. Axiom Securities restated a sell rating on shares of United States Steel Corporation in a research report on Thursday, July 13th. Jefferies Group LLC restated a buy rating and set a $32.00 price target on shares of United States Steel Corporation in a research report on Thursday, August 31st. Finally, Barclays PLC restated an equal weight rating and set a $25.00 price target (up previously from $24.00) on shares of United States Steel Corporation in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. United States Steel Corporation presently has a consensus rating of Hold and a consensus price target of $28.34.
United States Steel Corporation (NYSE X) traded up 7.19% during mid-day trading on Wednesday, reaching $27.14. 30,452,597 shares of the company traded hands. United States Steel Corporation has a 12-month low of $17.05 and a 12-month high of $41.83. The company’s 50 day moving average price is $26.16 and its 200 day moving average price is $23.94. The firm has a market capitalization of $4.75 billion, a P/E ratio of 171.77 and a beta of 2.89.
United States Steel Corporation (NYSE:X) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.25. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. Equities research analysts predict that United States Steel Corporation will post $1.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. United States Steel Corporation’s payout ratio is 125.00%.
In other United States Steel Corporation news, Director Eugene Sperling purchased 1,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the purchase, the director now owns 3,009 shares in the company, valued at approximately $75,706.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Murry Gerber purchased 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was acquired at an average price of $26.89 per share, with a total value of $107,560.00. Following the completion of the purchase, the director now owns 168,457 shares of the company’s stock, valued at approximately $4,529,808.73. The disclosure for this purchase can be found here. Insiders have bought a total of 64,597 shares of company stock worth $1,764,452 in the last three months. Corporate insiders own 1.00% of the company’s stock.
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About United States Steel Corporation
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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