Wall Street analysts predict that United States Steel Corporation (NYSE:X) will post sales of $3.06 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for United States Steel Corporation’s earnings, with the highest sales estimate coming in at $3.12 billion and the lowest estimate coming in at $2.95 billion. United States Steel Corporation posted sales of $2.69 billion in the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The firm is expected to report its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that United States Steel Corporation will report full-year sales of $3.06 billion for the current financial year, with estimates ranging from $11.74 billion to $12.03 billion. For the next financial year, analysts expect that the company will report sales of $12.27 billion per share, with estimates ranging from $11.72 billion to $12.93 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow United States Steel Corporation.

United States Steel Corporation (NYSE:X) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.41 by $0.66. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the firm posted ($0.32) earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis.

Several research analysts have recently issued reports on X shares. J P Morgan Chase & Co reissued an “overweight” rating and issued a $46.00 target price on shares of United States Steel Corporation in a research report on Monday, May 1st. Credit Suisse Group raised United States Steel Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $13.68 to $30.00 in a research report on Wednesday, May 24th. Standpoint Research raised United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Morgan Stanley reissued a “buy” rating and issued a $34.00 target price (down previously from $48.00) on shares of United States Steel Corporation in a research report on Monday, May 1st. Finally, Longbow Research raised United States Steel Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. United States Steel Corporation presently has a consensus rating of “Hold” and an average target price of $27.36.

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Shares of United States Steel Corporation (X) opened at 23.33 on Tuesday. The company’s 50-day moving average price is $23.21 and its 200 day moving average price is $27.69. United States Steel Corporation has a 1-year low of $15.72 and a 1-year high of $41.83. The firm has a market cap of $4.08 billion, a PE ratio of 147.66 and a beta of 2.88.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.86%. United States Steel Corporation’s dividend payout ratio is presently 125.00%.

In other United States Steel Corporation news, Director Paul Anthony Mascarenas purchased 1,500 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average cost of $19.31 per share, with a total value of $28,965.00. Following the completion of the acquisition, the director now directly owns 12,377 shares in the company, valued at $238,999.87. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of United States Steel Corporation by 1,971.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,155 shares during the last quarter. Global X Management Co. LLC raised its position in United States Steel Corporation by 221.0% in the second quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock valued at $121,000 after buying an additional 3,768 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in United States Steel Corporation by 10.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after buying an additional 674 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in United States Steel Corporation during the first quarter valued at approximately $209,000. Finally, Acrospire Investment Management LLC raised its position in United States Steel Corporation by 241.1% in the first quarter. Acrospire Investment Management LLC now owns 6,212 shares of the basic materials company’s stock valued at $210,000 after buying an additional 4,391 shares in the last quarter. Hedge funds and other institutional investors own 69.00% 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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