United States Steel Corporation (NYSE:X) – Equities research analysts at KeyCorp issued their FY2017 EPS estimates for United States Steel Corporation in a note issued to investors on Wednesday. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings of $1.20 per share for the year. KeyCorp also issued estimates for United States Steel Corporation’s FY2018 earnings at $1.25 EPS.

Several other analysts have also recently weighed in on the stock. Macquarie started coverage on shares of United States Steel Corporation in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 price target for the company. Standpoint Research downgraded shares of United States Steel Corporation from a “buy” rating to a “reduce” rating in a report on Tuesday, September 5th. Bank of America Corporation raised shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $29.00 to $31.00 in a research report on Tuesday, September 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of United States Steel Corporation in a research report on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 price objective on shares of United States Steel Corporation in a report on Thursday, August 31st. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.29.

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Shares of United States Steel Corporation (X) opened at 26.13 on Monday. The stock has a 50 day moving average price of $25.42 and a 200 day moving average price of $24.91. United States Steel Corporation has a one year low of $16.17 and a one year high of $41.83. The stock has a market capitalization of $4.57 billion, a P/E ratio of 165.38 and a beta of 2.89.

United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.32) earnings per share.

A number of institutional investors have recently modified their holdings of X. Global X Management Co. LLC grew its holdings in United States Steel Corporation by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of United States Steel Corporation by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 674 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of United States Steel Corporation in the 1st quarter valued at approximately $209,000. Sigma Planning Corp increased its position in shares of United States Steel Corporation by 21.3% in the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of United States Steel Corporation by 3.2% in the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 63.95% of the company’s stock.

In other news, CFO Kevin Bradley bought 36,762 shares of United States Steel Corporation stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $27.23 per share, with a total value of $1,001,029.26. Following the completion of the acquisition, the chief financial officer now directly owns 30,415 shares in the company, valued at $828,200.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eugene Sperling bought 1,000 shares of United States Steel Corporation stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of $25.16 per share, for a total transaction of $25,160.00. Following the acquisition, the director now owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 64,597 shares of company stock worth $1,764,452. Insiders own 1.00% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 9th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Monday, August 7th. United States Steel Corporation’s payout ratio is currently 125.00%.

United States Steel Corporation 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).

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

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