United States Steel Corporation (X) Set to Announce Quarterly Earnings on Tuesday
United States Steel Corporation (NYSE:X) will post its quarterly earnings results after the market closes on Tuesday, July 25th. Analysts expect United States Steel Corporation to post earnings of $0.41 per share for the quarter. United States Steel Corporation has set its FY17 guidance at $1.50 EPS.
United States Steel Corporation (NYSE:X) last posted its earnings results on Tuesday, April 25th. The basic materials company reported ($0.83) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $1.18. United States Steel Corporation had a negative return on equity of 3.48% and a negative net margin of 2.63%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the business earned ($2.15) EPS. United States Steel Corporation’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts expect United States Steel Corporation to post $1.02 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
United States Steel Corporation (X) opened at 23.35 on Tuesday. The firm’s 50 day moving average is $20.78 and its 200 day moving average is $30.22. United States Steel Corporation has a 52-week low of $15.72 and a 52-week high of $41.83. The company’s market cap is $4.08 billion.
In other news, Director Paul Anthony Mascarenas acquired 1,500 shares of United States Steel Corporation stock in a transaction dated Thursday, May 18th. The stock was purchased at an average cost of $19.31 per share, with a total value of $28,965.00. Following the completion of the purchase, the director now directly owns 12,377 shares in the company, valued at approximately $238,999.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen J. Girsky acquired 2,500 shares of United States Steel Corporation stock in a transaction dated Tuesday, May 16th. The stock was purchased at an average cost of $19.94 per share, with a total value of $49,850.00. Following the completion of the purchase, the director now owns 21,872 shares of the company’s stock, valued at $436,127.68. The disclosure for this purchase can be found here. Insiders acquired 14,000 shares of company stock worth $278,415 over the last quarter. Insiders own 1.00% of the company’s stock.
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Several brokerages have recently issued reports on X. Longbow Research reiterated a “buy” rating and issued a $30.00 target price on shares of United States Steel Corporation in a research note on Thursday, July 13th. Axiom Securities reiterated a “sell” rating on shares of United States Steel Corporation in a research note on Thursday, July 13th. BidaskClub upgraded shares of United States Steel Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets set a $24.00 target price on shares of United States Steel Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of United States Steel Corporation in a research note on Friday, June 30th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.67.
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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