United States Steel Corp. (NYSE:X) – Stock analysts at Jefferies Group lowered their Q3 2016 earnings per share (EPS) estimates for United States Steel Corp. in a report released on Thursday. Jefferies Group analyst S. Rosenfeld now expects that the brokerage will earn $0.67 per share for the quarter, down from their previous estimate of $0.91. Jefferies Group has a “Hold” rating and a $18.00 price objective on the stock. Jefferies Group also issued estimates for United States Steel Corp.’s Q4 2016 earnings at $0.80 EPS and FY2016 earnings at ($0.99) EPS.

Several other equities research analysts have also weighed in on X. Vetr lowered United States Steel Corp. from a “strong-buy” rating to a “buy” rating and set a $18.76 target price for the company. in a report on Wednesday, June 15th. Credit Suisse Group AG set a $29.00 price target on United States Steel Corp. and gave the stock a “buy” rating in a report on Wednesday, July 27th. Bank of America Corp. upgraded United States Steel Corp. from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $10.00 to $18.00 in a report on Wednesday, June 15th. Zacks Investment Research lowered United States Steel Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Finally, Deutsche Bank AG upgraded United States Steel Corp. from a “sell” rating to a “hold” rating and upped their price target for the stock from $8.00 to $15.00 in a report on Wednesday, July 6th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.84.

Shares of United States Steel Corp. (NYSE:X) opened at 16.81 on Monday. The stock’s 50 day moving average is $20.79 and its 200-day moving average is $18.18. The stock’s market cap is $2.47 billion. United States Steel Corp. has a 1-year low of $6.15 and a 1-year high of $27.64.

United States Steel Corp. (NYSE:X) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.18. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.68 billion. United States Steel Corp. had a negative net margin of 15.09% and a negative return on equity of 20.96%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.79) earnings per share.

The company also recently declared a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, August 8th. United States Steel Corp.’s dividend payout ratio is -1.88%.

Institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new position in United States Steel Corp. during the second quarter valued at about $1,126,000. IFP Advisors Inc raised its position in United States Steel Corp. by 10.1% in the second quarter. IFP Advisors Inc now owns 11,996 shares of the company’s stock valued at $202,000 after buying an additional 1,101 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in United States Steel Corp. by 66.7% in the second quarter. Public Employees Retirement System of Ohio now owns 50,187 shares of the company’s stock valued at $846,000 after buying an additional 20,083 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in United States Steel Corp. by 18.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 496,619 shares of the company’s stock valued at $8,373,000 after buying an additional 78,798 shares during the last quarter. Finally, Stifel Financial Corp raised its position in United States Steel Corp. by 6.8% in the second quarter. Stifel Financial Corp now owns 62,575 shares of the company’s stock valued at $1,055,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

United States Steel Corp. 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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