United States Steel Co. (NYSE:X) – Stock analysts at Jefferies Group dropped their FY2017 earnings per share estimates for United States Steel in a research note issued on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the basic materials company will post earnings of $1.87 per share for the year, down from their prior estimate of $1.88. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for United States Steel’s FY2018 earnings at $2.87 EPS.

X has been the topic of several other reports. Cowen reissued a “hold” rating and set a $40.00 target price on shares of United States Steel in a research note on Thursday, January 4th. Axiom Securities raised shares of United States Steel from a “sell” rating to a “hold” rating and cut their target price for the company from $41.83 to $18.55 in a research note on Monday, December 11th. KeyCorp reissued a “hold” rating on shares of United States Steel in a research note on Friday, November 17th. Bank of America set a $32.00 target price on shares of United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $31.14.

United States Steel (NYSE:X) opened at $39.52 on Thursday. The stock has a market capitalization of $6,920.00, a price-to-earnings ratio of 58.12 and a beta of 3.00. United States Steel has a twelve month low of $18.55 and a twelve month high of $41.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23.

United States Steel (NYSE:X) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.25. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.07 billion. United States Steel had a return on equity of 22.00% and a net margin of 4.53%. The firm’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share.

In other news, SVP Sara A. Greenstein sold 3,606 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $108,180.00. Following the transaction, the senior vice president now directly owns 51,744 shares in the company, valued at approximately $1,552,320. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Colleen M. Darragh sold 1,060 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total transaction of $40,121.00. Following the transaction, the vice president now owns 18,076 shares in the company, valued at $684,176.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,698 shares of company stock worth $2,535,286. 1.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Enterprise Financial Services Corp purchased a new position in shares of United States Steel during the 3rd quarter valued at $120,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of United States Steel by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 674 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in shares of United States Steel during the 3rd quarter valued at $205,000. Advisor Group Inc. grew its holdings in shares of United States Steel by 3.2% during the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after acquiring an additional 308 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in shares of United States Steel during the 2nd quarter valued at $221,000. Institutional investors and hedge funds own 64.22% of the company’s stock.

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About United States Steel

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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