Zacks: Brokerages Anticipate United States Steel Co. (NYSE:X) Will Post Earnings of -$0.65 Per Share

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Equities analysts forecast that United States Steel Co. (NYSE:X) will announce earnings of ($0.65) per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for United States Steel’s earnings, with the lowest EPS estimate coming in at ($0.84) and the highest estimate coming in at ($0.46). United States Steel posted earnings of $1.82 per share during the same quarter last year, which indicates a negative year over year growth rate of 135.7%. The business is expected to announce its next quarterly earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that United States Steel will report full year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from ($0.12) to $0.27. For the next year, analysts anticipate that the company will post earnings of ($0.79) per share, with EPS estimates ranging from ($2.10) to $0.01. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover United States Steel.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported ($0.21) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.08. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. United States Steel’s revenue was down 17.7% on a year-over-year basis.

X has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered United States Steel from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $14.00 in a report on Monday, September 23rd. Cfra lowered United States Steel from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. Credit Suisse Group dropped their target price on United States Steel from $9.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, September 19th. BNP Paribas assumed coverage on United States Steel in a research report on Thursday, November 14th. They issued a “sell” rating and a $10.50 target price for the company. Finally, ValuEngine upgraded United States Steel from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Nine investment analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.83.

Large investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. bought a new stake in United States Steel in the third quarter valued at approximately $29,000. Quadrant Capital Group LLC lifted its position in United States Steel by 92.1% in the third quarter. Quadrant Capital Group LLC now owns 4,156 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,993 shares during the last quarter. NEXT Financial Group Inc lifted its position in United States Steel by 139.8% in the second quarter. NEXT Financial Group Inc now owns 3,153 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,838 shares during the last quarter. Rational Advisors LLC lifted its position in United States Steel by 178.5% in the second quarter. Rational Advisors LLC now owns 4,280 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 2,743 shares during the last quarter. Finally, CenterStar Asset Management LLC bought a new stake in United States Steel in the second quarter valued at approximately $77,000. Institutional investors own 70.48% of the company’s stock.

Shares of NYSE X traded up $0.20 during midday trading on Wednesday, hitting $13.34. 13,364,900 shares of the company’s stock were exchanged, compared to its average volume of 12,588,711. United States Steel has a 12-month low of $9.93 and a 12-month high of $24.74. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 2.49, a PEG ratio of 35.14 and a beta of 3.12. The business’s fifty day moving average price is $12.60 and its two-hundred day moving average price is $12.89.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.20 dividend on an annualized basis and a yield of 1.50%. United States Steel’s payout ratio is 3.73%.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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