United States Steel Co. (NYSE:X) – Equities research analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for United States Steel in a research note issued on Thursday. KeyCorp analyst P. Gibbs expects that the basic materials company will earn $1.23 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for United States Steel’s FY2019 earnings at $3.35 EPS.

A number of other analysts also recently issued reports on the company. BMO Capital Markets lifted their price target on United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. ValuEngine downgraded United States Steel from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Longbow Research upgraded United States Steel from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Bank of America set a $32.00 price target on United States Steel and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Axiom Securities upgraded United States Steel from a “sell” rating to a “hold” rating and dropped their price target for the company from $41.83 to $18.55 in a research report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $32.47.

Shares of United States Steel (NYSE X) opened at $35.31 on Monday. The stock has a market capitalization of $5,953.31, a PE ratio of 16.20, a PEG ratio of 1.10 and a beta of 3.08. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. United States Steel has a 12-month low of $18.55 and a 12-month high of $41.83.

United States Steel (NYSE:X) last issued its quarterly earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.09. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. United States Steel’s dividend payout ratio is 9.17%.

In other United States Steel news, CEO David B. Burritt sold 6,936 shares of United States Steel stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,173,701.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David B. Burritt sold 36,072 shares of United States Steel stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $39.95, for a total value of $1,441,076.40. Following the completion of the transaction, the chief executive officer now directly owns 166,411 shares in the company, valued at $6,648,119.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,706 shares of company stock worth $4,653,456. 1.00% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas increased its stake in shares of United States Steel by 315.7% during the fourth quarter. Teacher Retirement System of Texas now owns 59,833 shares of the basic materials company’s stock valued at $2,106,000 after buying an additional 45,439 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of United States Steel by 53.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 25,392 shares of the basic materials company’s stock valued at $894,000 after buying an additional 8,791 shares during the period. Alps Advisors Inc. purchased a new position in shares of United States Steel during the fourth quarter valued at approximately $228,000. CIBC Asset Management Inc purchased a new position in shares of United States Steel during the fourth quarter valued at approximately $209,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of United States Steel during the fourth quarter valued at approximately $270,000. 64.18% of the stock is currently owned by institutional investors and hedge funds.

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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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