Brokerages Anticipate United States Steel Corporation (X) Will Post Earnings of $0.60 Per Share

Analysts expect that United States Steel Corporation (NYSE:X) will post $0.60 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for United States Steel Corporation’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.79. United States Steel Corporation posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 122.2%. The business is expected to report its next earnings report on Tuesday, January 30th.

On average, analysts expect that United States Steel Corporation will report full-year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.96. For the next financial year, analysts forecast that the business will post earnings of $2.62 per share, with EPS estimates ranging from $1.95 to $4.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover United States Steel Corporation.

United States Steel Corporation (NYSE:X) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.25. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company earned $0.40 earnings per share. The business’s quarterly revenue was up 20.9% compared to the same quarter last year.

A number of research analysts have commented on the stock. Longbow Research cut shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. Argus raised their price target on shares of United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research note on Friday, July 28th. Cowen and Company raised their price target on shares of United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Macquarie assumed coverage on shares of United States Steel Corporation in a research note on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price target for the company. Finally, Bank of America Corporation upgraded shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $29.00 to $31.00 in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $29.34.

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United States Steel Corporation (X) traded up $0.02 during midday trading on Thursday, hitting $27.13. 8,271,821 shares of the company traded hands, compared to its average volume of 16,963,455. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. United States Steel Corporation has a twelve month low of $18.55 and a twelve month high of $41.83. The company has a market capitalization of $4,750.00, a PE ratio of 18.65 and a beta of 2.96.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.74%. United States Steel Corporation’s dividend payout ratio is currently 29.41%.

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

Several institutional investors have recently added to or reduced their stakes in X. Enterprise Financial Services Corp acquired a new position in shares of United States Steel Corporation during the 3rd quarter worth about $120,000. Global X Management Co. LLC increased its stake in shares of 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 purchasing an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United States Steel Corporation by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 674 shares during the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in shares of United States Steel Corporation during the 3rd quarter worth about $205,000. Finally, Sigma Planning Corp increased its stake in shares of United States Steel Corporation by 21.3% during the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 1,696 shares during the last quarter. Institutional investors own 66.28% of the company’s stock.

About United States Steel Corporation

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

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