United States Steel Co. (NYSE:X) Expected to Post Earnings of $2.57 Per Share


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Wall Street brokerages expect that United States Steel Co. (NYSE:X) will post $2.57 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for United States Steel’s earnings, with the lowest EPS estimate coming in at $1.44 and the highest estimate coming in at $3.28. United States Steel posted earnings of ($2.67) per share in the same quarter last year, which would suggest a positive year over year growth rate of 196.3%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 29th.

According to Zacks, analysts expect that United States Steel will report full year earnings of $5.46 per share for the current fiscal year, with EPS estimates ranging from $3.80 to $6.60. For the next financial year, analysts forecast that the business will report earnings of $1.20 per share, with EPS estimates ranging from $0.25 to $1.65. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover United States Steel.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, April 29th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.17. United States Steel had a negative net margin of 16.25% and a negative return on equity of 18.78%.

Several equities analysts have recently weighed in on X shares. TheStreet raised shares of United States Steel from a “d” rating to a “c-” rating in a research note on Friday, January 29th. The Goldman Sachs Group began coverage on shares of United States Steel in a research report on Thursday, April 15th. They issued a “neutral” rating and a $25.00 price objective for the company. Credit Suisse Group upgraded United States Steel from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $15.00 to $35.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised United States Steel from a “sell” rating to a “buy” rating in a report on Friday, January 8th. Finally, BMO Capital Markets raised their price objective on United States Steel from $21.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, March 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.33.

In other United States Steel news, SVP Scott D. Buckiso sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 23rd. The shares were sold at an average price of $21.17, for a total transaction of $529,250.00. Following the completion of the transaction, the senior vice president now owns 133,345 shares in the company, valued at approximately $2,822,913.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James E. Bruno sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $25.00, for a total transaction of $750,000.00. Insiders sold 88,430 shares of company stock valued at $2,109,816 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in X. Harbor Investment Advisory LLC raised its stake in shares of United States Steel by 287.9% during the first quarter. Harbor Investment Advisory LLC now owns 1,280 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 950 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of United States Steel during the fourth quarter worth $25,000. Flagship Private Wealth LLC purchased a new stake in shares of United States Steel during the 4th quarter worth about $30,000. Creative Financial Designs Inc. ADV raised its holdings in shares of United States Steel by 157.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,800 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in shares of United States Steel in the fourth quarter valued at approximately $31,000. 60.36% of the stock is owned by institutional investors.

Shares of United States Steel stock traded up $1.55 during trading hours on Tuesday, reaching $26.23. The company’s stock had a trading volume of 1,105,751 shares, compared to its average volume of 21,167,221. The stock has a market cap of $7.05 billion, a P/E ratio of -2.58 and a beta of 2.39. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.30 and a quick ratio of 1.54. United States Steel has a one year low of $6.58 and a one year high of $27.40. The firm has a 50 day moving average price of $22.92 and a 200-day moving average price of $17.69.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 9th. Shareholders of record on Monday, May 10th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, May 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. United States Steel’s payout ratio is 44.44%.

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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Earnings History and Estimates for United States Steel (NYSE:X)

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