United States Steel Corporation (X) Set to Announce Earnings on Tuesday
United States Steel Corporation (NYSE:X) is set to post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect United States Steel Corporation to post earnings of $0.74 per share for the quarter.
United States Steel Corporation (NYSE:X) last released its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.66. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.98 billion. United States Steel Corporation had a return on equity of 6.50% and a net margin of 0.24%. United States Steel Corporation’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) earnings per share. On average, analysts expect United States Steel Corporation to post $1.65 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.
United States Steel Corporation (NYSE:X) opened at 27.99 on Tuesday. United States Steel Corporation has a 52-week low of $17.05 and a 52-week high of $41.83. The stock has a market cap of $4.90 billion, a P/E ratio of 177.15 and a beta of 2.89. The firm’s 50-day moving average price is $26.13 and its 200 day moving average price is $24.11.
In other United States Steel Corporation news, CFO Kevin Bradley acquired 36,762 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average cost of $27.23 per share, for a total transaction of $1,001,029.26. Following the completion of the acquisition, the chief financial officer now owns 30,415 shares of the company’s stock, valued at approximately $828,200.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eugene Sperling acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $25.16 per share, with a total value of $25,160.00. Following the completion of the acquisition, the director now directly owns 3,009 shares of the company’s stock, valued at approximately $75,706.44. The disclosure for this purchase can be found here. Insiders purchased 64,597 shares of company stock valued at $1,764,452 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.
X has been the topic of several recent analyst reports. Bank of America Corporation set a $32.00 target price on shares of United States Steel Corporation and gave the company a “buy” rating in a research note on Friday. Longbow Research reissued a “neutral” rating on shares of United States Steel Corporation in a research note on Tuesday, October 3rd. Cowen and Company downgraded shares of United States Steel Corporation from a “market perform” rating to an “underperform” rating and cut their target price for the company from $24.00 to $20.00 in a research note on Friday, September 22nd. Jefferies Group LLC reissued a “buy” rating on shares of United States Steel Corporation in a research note on Monday, September 18th. Finally, Citigroup Inc. boosted their target price on shares of United States Steel Corporation from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.34.
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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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