Equities research analysts forecast that United States Steel Corporation (NYSE:X) will announce sales of $3.08 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for United States Steel Corporation’s earnings. The highest sales estimate is $3.12 billion and the lowest is $2.95 billion. United States Steel Corporation reported sales of $2.69 billion in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that United States Steel Corporation will report full year sales of $3.08 billion for the current fiscal year, with estimates ranging from $11.74 billion to $12.03 billion. For the next financial year, analysts anticipate that the company will report sales of $12.24 billion per share, with estimates ranging from $11.72 billion to $12.93 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for United States Steel Corporation.

United States Steel Corporation (NYSE:X) last released its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the company posted ($0.32) EPS. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year.

X has been the topic of several analyst reports. Credit Suisse Group upgraded United States Steel Corporation from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $13.68 to $30.00 in a research report on Wednesday, May 24th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of United States Steel Corporation in a research report on Wednesday, June 7th. Standpoint Research upgraded United States Steel Corporation from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, June 7th. They noted that the move was a valuation call. Citigroup Inc. upgraded United States Steel Corporation to a “hold” rating in a research report on Tuesday, June 13th. Finally, Axiom Securities reiterated a “sell” rating and set a $14.00 target price on shares of United States Steel Corporation in a research report on Wednesday, June 14th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.52.

In other United States Steel Corporation news, CFO Kevin Bradley bought 36,762 shares of the company’s stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $27.23 per share, for a total transaction of $1,001,029.26. Following the completion of the transaction, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $828,200.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eugene Sperling bought 1,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were acquired at an average price of $25.16 per share, with a total value of $25,160.00. Following the transaction, the director now directly owns 3,009 shares of the company’s stock, valued at $75,706.44. The disclosure for this purchase can be found here. Insiders have acquired 64,597 shares of company stock worth $1,764,452 over the last three months. 1.00% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Global X Management Co. LLC boosted its holdings in shares of 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 purchasing an additional 3,768 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of United States Steel Corporation in the first quarter valued at approximately $209,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of United States Steel Corporation by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,301 shares of the basic materials company’s stock valued at $213,000 after purchasing an additional 1,112 shares during the period. FNY Partners Fund LP boosted its holdings in shares of United States Steel Corporation by 272.2% in the first quarter. FNY Partners Fund LP now owns 6,700 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 4,900 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of United States Steel Corporation by 154.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 6,891 shares of the basic materials company’s stock valued at $233,000 after purchasing an additional 4,187 shares during the period. Institutional investors and hedge funds own 63.36% of the company’s stock.

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Shares of United States Steel Corporation (X) opened at 25.79 on Thursday. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 163.23 and a beta of 2.88. United States Steel Corporation has a 1-year low of $16.17 and a 1-year high of $41.83. The company’s 50 day moving average price is $25.03 and its 200-day moving average price is $25.65.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 9th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, August 7th. This represents a $0.20 annualized dividend and a yield of 0.78%. United States Steel Corporation’s payout ratio is currently 125.00%.

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).

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

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