United States Steel Co. (NYSE:X) – Equities researchers at Jefferies Group reduced their Q4 2017 earnings per share estimates for shares of United States Steel in a research note issued on Tuesday. Jefferies Group analyst S. Rosenfeld now forecasts that the basic materials company will post earnings of $0.71 per share for the quarter, down from their previous forecast of $0.72. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for United States Steel’s FY2019 earnings at $3.30 EPS.

United States Steel (NYSE:X) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping 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 for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share.

A number of other equities research analysts have also recently commented on the company. BMO Capital Markets increased their target price on United States Steel from $29.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. ValuEngine cut United States Steel from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Bank of America set a $32.00 target price on United States Steel and gave the stock a “buy” rating in a research note on Friday, October 20th. Citigroup increased their target price on United States Steel from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Friday, September 15th. Finally, Axiom Securities raised United States Steel from a “sell” rating to a “hold” rating and cut their target price for the stock from $41.83 to $18.55 in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.14.

Shares of United States Steel (NYSE:X) opened at $38.41 on Wednesday. The firm has a market capitalization of $6,720.00, a price-to-earnings ratio of 56.49 and a beta of 3.00. United States Steel has a 12 month low of $18.55 and a 12 month high of $41.83. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03.

A number of hedge funds have recently bought and sold shares of X. Amerigo Asset Management bought a new position in United States Steel in the third quarter valued at about $158,558,000. Ameriprise Financial Inc. lifted its holdings in United States Steel by 173.8% in the second quarter. Ameriprise Financial Inc. now owns 1,463,410 shares of the basic materials company’s stock valued at $32,399,000 after acquiring an additional 928,898 shares during the period. Prudential Financial Inc. lifted its holdings in United States Steel by 524.7% in the third quarter. Prudential Financial Inc. now owns 668,811 shares of the basic materials company’s stock valued at $17,161,000 after acquiring an additional 561,758 shares during the period. CI Investments Inc. bought a new position in United States Steel in the third quarter valued at about $9,402,000. Finally, State Street Corp lifted its holdings in United States Steel by 6.2% in the second quarter. State Street Corp now owns 5,889,434 shares of the basic materials company’s stock valued at $130,394,000 after acquiring an additional 341,591 shares during the period. 64.22% of the stock is currently owned by institutional investors.

In related news, SVP Sara A. Greenstein sold 3,606 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $108,180.00. Following the sale, the senior vice president now directly owns 51,744 shares of the company’s stock, valued at $1,552,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David J. Rintoul sold 17,640 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $36.57, for a total value of $645,094.80. Following the sale, the senior vice president now directly owns 63,449 shares in the company, valued at $2,320,329.93. The disclosure for this sale can be found here. Insiders have sold 75,698 shares of company stock worth $2,535,286 over the last ninety days. 1.00% of the stock is currently owned by insiders.

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United States Steel 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).

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