United States Steel Corp. (NYSE:X) – Analysts at KeyCorp lowered their FY2017 EPS estimates for shares of United States Steel Corp. in a report released on Monday. KeyCorp analyst P. Gibbs now expects that the firm will earn $0.48 per share for the year, down from their previous estimate of $0.65. KeyCorp currently has a “Underweight” rating and a $18.00 target price on the stock.

United States Steel Corp. (NYSE:X) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.18. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.68 billion. United States Steel Corp. had a negative net margin of 15.09% and a negative return on equity of 20.96%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.79) earnings per share.

X has been the topic of several other research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $35.00 target price (up previously from $25.00) on shares of United States Steel Corp. in a research note on Sunday, July 31st. Morgan Stanley reaffirmed a “hold” rating and set a $19.00 target price on shares of United States Steel Corp. in a research note on Thursday, July 28th. Zacks Investment Research cut United States Steel Corp. from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Clarkson Capital raised United States Steel Corp. from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 2nd. Finally, Barclays PLC lifted their target price on United States Steel Corp. from $16.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.84.

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United States Steel Corp. (NYSE:X) traded up 6.13% during mid-day trading on Wednesday, hitting $17.66. 15,964,364 shares of the stock were exchanged. The company has a 50 day moving average price of $20.50 and a 200 day moving average price of $18.21. The stock’s market cap is $2.59 billion. United States Steel Corp. has a 52 week low of $6.15 and a 52 week high of $27.64.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 10th. Investors of record on Wednesday, August 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. United States Steel Corp.’s payout ratio is -1.88%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of United States Steel Corp. by 4.7% in the first quarter. State Street Corp now owns 5,447,397 shares of the company’s stock worth $87,431,000 after buying an additional 244,875 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of United States Steel Corp. by 0.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 25,200 shares of the company’s stock worth $404,000 after buying an additional 100 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of United States Steel Corp. by 47.0% in the first quarter. Canada Pension Plan Investment Board now owns 9,700 shares of the company’s stock worth $156,000 after buying an additional 3,100 shares during the period. M&T Bank Corp boosted its stake in shares of United States Steel Corp. by 19.1% in the first quarter. M&T Bank Corp now owns 39,179 shares of the company’s stock worth $629,000 after buying an additional 6,270 shares during the period. Finally, BlackRock Group LTD boosted its stake in shares of United States Steel Corp. by 38.3% in the first quarter. BlackRock Group LTD now owns 153,835 shares of the company’s stock worth $2,470,000 after buying an additional 42,600 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.

United States Steel Corp. Company Profile

United States Steel Corporation (U. S. Steel) 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).

5 Day Chart for NYSE:X

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