United States Steel (X) Earning Somewhat Positive News Coverage, Study Finds
Media headlines about United States Steel (NYSE:X) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. United States Steel earned a news impact score of 0.15 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 44.8626172056938 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Global Steel Cord Market by Manufacturers, Types, Regions and Application Research Report Forecast to 2022 (emailwire.com)
- Why Steel Makers United States Steel and AK Steel Posted Huge Stock Price Gains in December – Motley Fool (fool.com)
- United States Steel Corp. :X-US: Earnings Analysis: Q3, 2017 By the Numbers : January 5, 2018 (finance.yahoo.com)
- United States Steel (X) and Nucor (NUE) Financial Review (americanbankingnews.com)
- United States Steel’s (X) “Hold” Rating Reaffirmed at Cowen (americanbankingnews.com)
United States Steel (NYSE:X) traded up $0.62 during trading on Friday, hitting $38.49. The company had a trading volume of 12,311,511 shares, compared to its average volume of 8,514,453. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. The company has a market cap of $6,735.52, a P/E ratio of 57.45 and a beta of 3.00. United States Steel has a 1-year low of $18.55 and a 1-year high of $41.83.
United States Steel (NYSE:X) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.25. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the company earned $0.40 EPS. United States Steel’s revenue was up 20.9% on a year-over-year basis. sell-side analysts anticipate that United States Steel will post 1.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 10th were given a $0.05 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel’s payout ratio is 29.85%.
Several brokerages have recently weighed in on X. Cowen reissued a “hold” rating and set a $40.00 price objective on shares of United States Steel in a report on Thursday. ValuEngine raised United States Steel from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Longbow Research reissued a “neutral” rating on shares of United States Steel in a report on Tuesday, October 3rd. KeyCorp reissued a “hold” rating on shares of United States Steel in a report on Friday, November 17th. Finally, Jefferies Group reissued a “buy” rating on shares of United States Steel in a report on Monday, September 18th. Two equities research 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. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.32.
In other United States Steel news, insider Richard Fruehauf sold 5,959 shares of United States Steel stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.00, for a total value of $178,770.00. Following the completion of the transaction, the insider now owns 7,960 shares in the company, valued at approximately $238,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Colleen M. Darragh sold 9,700 shares of United States Steel stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.00, for a total value of $291,000.00. Following the completion of the transaction, the vice president now owns 19,136 shares of the company’s stock, valued at approximately $574,080. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,698 shares of company stock valued at $2,535,286. Corporate insiders own 1.00% 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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