United States Steel Corporation (NYSE:X) – Investment analysts at KeyCorp issued their Q3 2017 earnings estimates for United States Steel Corporation in a research note issued to investors on Wednesday. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings per share of $0.57 for the quarter.

Several other equities analysts have also recently issued reports on the company. Longbow Research cut United States Steel Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, July 27th. Argus boosted their target price on United States Steel Corporation to $1.48 and gave the stock a “buy” rating in a research report on Friday, July 28th. Cowen and Company cut United States Steel Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $60.00 to $21.00 in a research report on Wednesday, May 10th. Macquarie upgraded United States Steel Corporation from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $23.00 to $30.00 in a research report on Monday, April 24th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating on shares of United States Steel Corporation in a research report on Wednesday, June 7th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. United States Steel Corporation has an average rating of “Hold” and a consensus target price of $27.36.

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United States Steel Corporation (NYSE:X) opened at 23.75 on Friday. The stock has a 50 day moving average price of $23.39 and a 200-day moving average price of $27.56. United States Steel Corporation has a one year low of $15.72 and a one year high of $41.83. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 150.32 and a beta of 2.88. United States Steel Corporation also was the recipient of some unusual options trading on Wednesday. Stock investors purchased 59,061 call options on the stock. This represents an increase of approximately 114% compared to the typical daily volume of 27,624 call options.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.66. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. The company’s revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 9th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, August 7th. United States Steel Corporation’s payout ratio is currently 125.00%.

Several hedge funds and other institutional investors have recently modified their holdings of X. Wright Investors Service Inc. raised its position in shares of United States Steel Corporation by 19.3% in the first quarter. Wright Investors Service Inc. now owns 18,395 shares of the basic materials company’s stock worth $622,000 after buying an additional 2,980 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of United States Steel Corporation by 2.7% in the first quarter. Arete Wealth Advisors LLC now owns 99,453 shares of the basic materials company’s stock worth $3,363,000 after buying an additional 2,624 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of United States Steel Corporation by 4.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 60,446 shares of the basic materials company’s stock worth $2,044,000 after buying an additional 2,615 shares in the last quarter. IFP Advisors Inc raised its position in shares of United States Steel Corporation by 8.2% in the first quarter. IFP Advisors Inc now owns 15,646 shares of the basic materials company’s stock worth $529,000 after buying an additional 1,192 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its position in shares of United States Steel Corporation by 36.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 207,100 shares of the basic materials company’s stock worth $7,002,000 after buying an additional 55,300 shares in the last quarter. 69.00% of the stock is currently owned by institutional investors.

United States Steel Corporation 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).

Earnings History and Estimates for United States Steel Corporation (NYSE:X)

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