United States Steel (NYSE:X) will be issuing its quarterly earnings data after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $0.63 per share for the quarter. United States Steel has set its FY17 guidance at ~$1.70 EPS.
United States Steel (NYSE:X) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.25. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.07 billion. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, analysts expect United States Steel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
United States Steel (X) opened at $40.06 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. The company has a market cap of $7,010.00, a price-to-earnings ratio of 58.91, a P/E/G ratio of 1.48 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.
X has been the subject of a number of analyst reports. BMO Capital Markets boosted their target price on shares of 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 upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Cowen upgraded shares of United States Steel from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $20.00 to $28.00 in a research note on Thursday, November 2nd. Longbow Research upgraded shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, Bank of America set a $46.00 price objective on shares of United States Steel and gave the company a “buy” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $31.14.
In other news, VP Colleen M. Darragh sold 9,700 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $291,000.00. Following the completion of the sale, the vice president now owns 19,136 shares in the company, valued at $574,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Fruehauf sold 5,959 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $178,770.00. Following the sale, the insider now owns 7,960 shares of the company’s stock, valued at approximately $238,800. The disclosure for this sale can be found here. Insiders sold 82,634 shares of company stock valued at $2,812,380 in the last 90 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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