News articles about United States Steel (NYSE:X) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United States Steel earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 44.5248073155672 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Investors can’t just brush off: United States Steel Corporation (X), NIKE, Inc. (NKE) – Market Movers (financialqz.com)
- US Steel Issues Statement on Department of Commerce Circumvention Ruling – GlobeNewswire (press release) (globenewswire.com)
- U.S. Steel Issues Statement On Department Of Commerce Circumvention Ruling (nasdaq.com)
- BRIEF-United States Steel Responds To Dept. Of Commerce Circumvention Ruling (reuters.com)
- U. S. Steel Issues Statement on Department of Commerce Circumvention Ruling (finance.yahoo.com)
Several equities analysts have recently weighed in on X shares. Bank of America set a $32.00 price target on United States Steel and gave the company a “buy” rating in a report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating on shares of United States Steel in a research report on Monday, September 18th. BidaskClub raised United States Steel from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Barclays reaffirmed an “equal weight” rating and set a $25.00 price objective (up from $24.00) on shares of United States Steel in a research report on Wednesday, August 9th. Finally, Cowen reaffirmed a “hold” rating and set a $24.00 price objective on shares of United States Steel in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $29.34.
United States Steel (NYSE:X) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.25. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm posted $0.40 earnings per share. equities analysts forecast that United States Steel will post 1.8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.64%. United States Steel’s payout ratio is 29.85%.
In related news, Director Eugene Sperling acquired 1,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of $25.16 per share, with a total value of $25,160.00. Following the completion of the purchase, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Bradley acquired 36,762 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $27.23 per share, for a total transaction of $1,001,029.26. Following the purchase, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $828,200.45. The disclosure for this purchase can be found here. Insiders sold 19,265 shares of company stock worth $577,950 over the last three months. Insiders own 1.00% of the company’s stock.
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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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