United States Steel Corporation (NYSE:X) – Stock analysts at KeyCorp issued their Q1 2017 earnings estimates for shares of United States Steel Corporation in a research note issued to investors on Tuesday. KeyCorp analyst P. Gibbs expects that the brokerage will earn $0.25 per share for the quarter.

United States Steel Corporation (NYSE:X) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.26. United States Steel Corporation had a negative return on equity of 11.36% and a negative net margin of 4.29%. The firm earned $2.65 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the firm earned ($0.23) EPS. United States Steel Corporation’s quarterly revenue was up 3.0% on a year-over-year basis.

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X has been the subject of a number of other research reports. Vetr raised United States Steel Corporation from a “hold” rating to a “buy” rating and set a $34.75 price objective for the company in a research report on Monday, January 2nd. Jefferies Group LLC raised United States Steel Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.50 to $26.00 in a research report on Wednesday, November 9th. Credit Suisse Group reissued an “outperform” rating on shares of United States Steel Corporation in a research report on Wednesday, December 7th. Citigroup Inc. cut United States Steel Corporation from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Thursday, January 19th. Finally, Argus cut United States Steel Corporation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $33.78 to $6.15 in a research report on Tuesday, November 29th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.50.

Shares of United States Steel Corporation (NYSE:X) opened at 39.11 on Thursday. The firm’s market cap is $6.77 billion. The firm’s 50-day moving average price is $34.74 and its 200-day moving average price is $26.57. United States Steel Corporation has a 52 week low of $7.22 and a 52 week high of $40.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. United States Steel Corporation’s dividend payout ratio is presently -6.83%.

In related news, CEO Mario Longhi Filho sold 277,200 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $32.25, for a total transaction of $8,939,700.00. Following the transaction, the chief executive officer now directly owns 492,276 shares in the company, valued at $15,875,901. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David B. Burritt sold 51,791 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $32.56, for a total value of $1,686,314.96. Following the transaction, the vice president now owns 135,672 shares in the company, valued at $4,417,480.32. The disclosure for this sale can be found here. Insiders have sold 402,676 shares of company stock worth $13,178,815 over the last 90 days. Corporate insiders own 1.31% of the company’s stock.

This news story was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this news story can be viewed at http://www.watchlistnews.com/equities-analysts-set-expectations-for-united-states-steel-corporations-q1-2017-earnings-x/1121625.html.

A number of institutional investors have recently modified their holdings of X. Legal & General Group Plc raised its position in shares of United States Steel Corporation by 43.3% in the second quarter. Legal & General Group Plc now owns 428,449 shares of the company’s stock valued at $7,203,000 after buying an additional 129,413 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of United States Steel Corporation by 3.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 137,235 shares of the company’s stock valued at $2,314,000 after buying an additional 4,674 shares in the last quarter. Anchor Bolt Capital LP raised its position in shares of United States Steel Corporation by 473.2% in the second quarter. Anchor Bolt Capital LP now owns 4,694,947 shares of the company’s stock valued at $79,157,000 after buying an additional 3,875,834 shares in the last quarter. Bronson Point Management LLC purchased a new position in shares of United States Steel Corporation during the second quarter valued at about $2,386,000. Finally, Slate Path Capital LP purchased a new position in shares of United States Steel Corporation during the second quarter valued at about $12,645,000. Hedge funds and other institutional investors own 77.18% of the company’s stock.

United States Steel Corporation Company Profile

United States Steel Corporation (U. S. Steel) 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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