Brokerages forecast that United States Steel Co. (NYSE:X) will post earnings per share (EPS) of $0.31 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for United States Steel’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.42. United States Steel posted earnings of ($2.15) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 114.4%. The firm is expected to report its next earnings results after the market closes on Tuesday, April 25th.

On average, analysts expect that United States Steel will report full year earnings of $3.35 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $5.03. For the next fiscal year, analysts anticipate that the business will report earnings of $3.70 per share, with EPS estimates ranging from $2.40 to $5.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for United States Steel.

United States Steel (NYSE:X) last issued its earnings results on Tuesday, January 31st. The basic materials company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.26. United States Steel had a negative return on equity of 11.36% and a negative net margin of 4.29%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the firm earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year.

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X has been the subject of several research reports. Vetr cut shares of United States Steel from a “hold” rating to a “sell” rating and set a $34.75 target price for the company. in a research note on Wednesday, December 21st. Cowen and Company reiterated an “outperform” rating and issued a $60.00 target price on shares of United States Steel in a research note on Monday, April 3rd. Longbow Research initiated coverage on shares of United States Steel in a research note on Wednesday, April 12th. They issued a “neutral” rating for the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $35.00 target price on shares of United States Steel in a research note on Monday, February 27th. Finally, Barclays PLC increased their target price on shares of United States Steel from $29.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, February 6th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.21.

Shares of United States Steel (NYSE:X) traded down 1.08% on Wednesday, reaching $28.42. The company had a trading volume of 20,678,242 shares. United States Steel has a 52-week low of $12.77 and a 52-week high of $41.83. The stock’s market capitalization is $4.95 billion. The company has a 50 day moving average price of $34.56 and a 200 day moving average price of $31.19.

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Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of United States Steel by 14.2% in the third quarter. California State Teachers Retirement System now owns 337,929 shares of the basic materials company’s stock worth $6,373,000 after buying an additional 41,900 shares during the last quarter. Swiss National Bank boosted its position in shares of United States Steel by 6.6% in the third quarter. Swiss National Bank now owns 268,100 shares of the basic materials company’s stock worth $5,056,000 after buying an additional 16,600 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of United States Steel by 93.0% in the third quarter. Teachers Advisors LLC now owns 928,391 shares of the basic materials company’s stock worth $17,509,000 after buying an additional 447,411 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of United States Steel by 108.5% in the third quarter. TIAA CREF Investment Management LLC now owns 1,041,606 shares of the basic materials company’s stock worth $19,645,000 after buying an additional 542,120 shares during the last quarter. Finally, Highline Capital Management L.P. acquired a new position in shares of United States Steel during the third quarter worth about $4,215,000. 77.18% of the stock is owned by institutional investors and hedge funds.

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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