Jefferies Group Comments on United States Steel Corporation’s Q3 2017 Earnings (X)

United States Steel Corporation (NYSE:X) – Investment analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for United States Steel Corporation in a report released on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the basic materials company will earn $0.54 per share for the quarter, down from their previous estimate of $0.60. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for United States Steel Corporation’s FY2018 earnings at $2.76 EPS.

A number of other research analysts have also recently weighed in on X. Barclays PLC reaffirmed an “equal weight” rating and set a $25.00 price target (up from $24.00) on shares of United States Steel Corporation in a research report on Wednesday, August 9th. Longbow Research cut shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $51.00 price target on shares of United States Steel Corporation in a research report on Thursday, July 27th. Cowen and Company boosted their target price on shares of United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $34.00 target price (up from $29.00) on shares of United States Steel Corporation in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $28.29.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/19/jefferies-group-comments-on-united-states-steel-corporations-q3-2017-earnings-x.html.

Shares of United States Steel Corporation (NYSE:X) opened at 27.25 on Thursday. United States Steel Corporation has a 12-month low of $16.50 and a 12-month high of $41.83. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 172.47 and a beta of 2.89. The firm’s 50-day moving average is $26.03 and its 200-day moving average is $24.29.

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

In other United States Steel Corporation news, Director Eugene Sperling bought 1,000 shares of the stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the purchase, the director now directly owns 3,009 shares in the company, valued at $75,706.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Murry Gerber bought 4,000 shares of the stock in a transaction on Friday, September 1st. The shares were acquired at an average price of $26.89 per share, with a total value of $107,560.00. Following the purchase, the director now owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 64,597 shares of company stock valued at $1,764,452. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in X. Envestnet Asset Management Inc. grew its position in shares of United States Steel Corporation by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 10,763 shares of the basic materials company’s stock worth $363,000 after acquiring an additional 2,131 shares during the last quarter. Credit Agricole S A grew its position in shares of United States Steel Corporation by 53.9% during the first quarter. Credit Agricole S A now owns 17,901 shares of the basic materials company’s stock worth $605,000 after acquiring an additional 6,268 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of United States Steel Corporation by 16.1% during the first quarter. OppenheimerFunds Inc. now owns 68,615 shares of the basic materials company’s stock worth $2,320,000 after acquiring an additional 9,534 shares during the last quarter. Wellington Management Group LLP grew its position in shares of United States Steel Corporation by 68.1% during the first quarter. Wellington Management Group LLP now owns 100,528 shares of the basic materials company’s stock worth $3,399,000 after acquiring an additional 40,708 shares during the last quarter. Finally, FMR LLC bought a new position in shares of United States Steel Corporation during the first quarter worth about $9,639,000. Institutional investors and hedge funds own 63.98% of the company’s stock.

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)

United States Steel Corporation (NYSE:X) – Investment analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for United States Steel Corporation in a report released on Tuesday. Jefferies Group analyst S. Rosenfeld now expects that the basic materials company will earn $0.54 per share for the quarter, down from their previous estimate of $0.60. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for United States Steel Corporation’s FY2018 earnings at $2.76 EPS.

A number of other research analysts have also recently weighed in on X. Barclays PLC reaffirmed an “equal weight” rating and set a $25.00 price target (up from $24.00) on shares of United States Steel Corporation in a research report on Wednesday, August 9th. Longbow Research cut shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $51.00 price target on shares of United States Steel Corporation in a research report on Thursday, July 27th. Cowen and Company boosted their target price on shares of United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $34.00 target price (up from $29.00) on shares of United States Steel Corporation in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $28.29.

WARNING: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/19/jefferies-group-comments-on-united-states-steel-corporations-q3-2017-earnings-x.html.

Shares of United States Steel Corporation (NYSE:X) opened at 27.25 on Thursday. United States Steel Corporation has a 12-month low of $16.50 and a 12-month high of $41.83. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 172.47 and a beta of 2.89. The firm’s 50-day moving average is $26.03 and its 200-day moving average is $24.29.

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

In other United States Steel Corporation news, Director Eugene Sperling bought 1,000 shares of the stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the purchase, the director now directly owns 3,009 shares in the company, valued at $75,706.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Murry Gerber bought 4,000 shares of the stock in a transaction on Friday, September 1st. The shares were acquired at an average price of $26.89 per share, with a total value of $107,560.00. Following the purchase, the director now owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 64,597 shares of company stock valued at $1,764,452. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in X. Envestnet Asset Management Inc. grew its position in shares of United States Steel Corporation by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 10,763 shares of the basic materials company’s stock worth $363,000 after acquiring an additional 2,131 shares during the last quarter. Credit Agricole S A grew its position in shares of United States Steel Corporation by 53.9% during the first quarter. Credit Agricole S A now owns 17,901 shares of the basic materials company’s stock worth $605,000 after acquiring an additional 6,268 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of United States Steel Corporation by 16.1% during the first quarter. OppenheimerFunds Inc. now owns 68,615 shares of the basic materials company’s stock worth $2,320,000 after acquiring an additional 9,534 shares during the last quarter. Wellington Management Group LLP grew its position in shares of United States Steel Corporation by 68.1% during the first quarter. Wellington Management Group LLP now owns 100,528 shares of the basic materials company’s stock worth $3,399,000 after acquiring an additional 40,708 shares during the last quarter. Finally, FMR LLC bought a new position in shares of United States Steel Corporation during the first quarter worth about $9,639,000. Institutional investors and hedge funds own 63.98% of the company’s stock.

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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