United States Steel Co. (NYSE:X) – Equities researchers at Jefferies Group dropped their Q4 2017 earnings per share (EPS) estimates for United States Steel in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst S. Rosenfeld now forecasts that the basic materials company will post earnings per share of $0.71 for the quarter, down from their previous forecast of $0.72. Jefferies Group also issued estimates for United States Steel’s FY2019 earnings at $3.30 EPS.
United States Steel (NYSE:X) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.25. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year.
Shares of United States Steel (NYSE X) opened at $39.31 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03. United States Steel has a 52 week low of $18.55 and a 52 week high of $41.83. The firm has a market capitalization of $6,767.04, a P/E ratio of 58.67, a price-to-earnings-growth ratio of 1.58 and a beta of 3.00.
In related news, SVP Sara A. Greenstein sold 3,606 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $108,180.00. Following the transaction, the senior vice president now owns 51,744 shares of the company’s stock, valued at $1,552,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $39.95, for a total value of $277,093.20. Following the transaction, the chief executive officer now directly owns 179,567 shares in the company, valued at approximately $7,173,701.65. The disclosure for this sale can be found here. In the last three months, insiders sold 82,634 shares of company stock worth $2,812,380. Corporate insiders own 1.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Enterprise Financial Services Corp acquired a new position in United States Steel during the third quarter worth $120,000. Koshinski Asset Management Inc. acquired a new position in United States Steel during the fourth quarter worth $218,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in United States Steel by 10.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 674 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new position in United States Steel during the third quarter worth $205,000. Finally, ARP Americas LLC acquired a new position in United States Steel during the third quarter worth $223,000. 64.21% of the stock is currently owned by hedge funds and other institutional investors.
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United States Steel Company Profile
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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