United States Steel Corporation (NYSE:X) – Jefferies Group decreased their Q4 2017 earnings per share (EPS) estimates for shares of United States Steel Corporation in a report released on Wednesday. Jefferies Group analyst S. Rosenfeld now anticipates that the basic materials company will post earnings per share of $0.72 for the quarter, down from their previous forecast of $0.80. Jefferies Group has a “Buy” rating on the stock.

United States Steel Corporation (NYSE:X) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.25. United States Steel Corporation had a return on equity of 10.79% and a net margin of 1.05%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “United States Steel Corporation Expected to Earn Q4 2017 Earnings of $0.72 Per Share (X)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/11/02/united-states-steel-corporation-expected-to-earn-q4-2017-earnings-of-0-72-per-share-x.html.

A number of other analysts have also recently commented on X. Bank of America Corporation upgraded United States Steel Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $29.00 to $31.00 in a research report on Tuesday, September 5th. Argus increased 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. BidaskClub upgraded United States Steel Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company reiterated a “hold” rating and set a $24.00 target price on shares of United States Steel Corporation in a research report on Friday, September 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of United States Steel Corporation in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. United States Steel Corporation presently has an average rating of “Hold” and a consensus price target of $28.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. United States Steel Corporation’s dividend payout ratio is presently 29.85%.

In other United States Steel Corporation news, CFO Kevin Bradley acquired 22,835 shares of the stock in a transaction dated Wednesday, September 6th. The stock was purchased at an average price of $27.62 per share, with a total value of $630,702.70. Following the transaction, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $840,062.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Murry Gerber acquired 4,000 shares of the stock in a transaction dated Friday, September 1st. The stock was acquired at an average cost of $26.89 per share, with a total value of $107,560.00. Following the transaction, the director now directly owns 168,457 shares in the company, valued at $4,529,808.73. The disclosure for this purchase can be found here. Insiders bought a total of 64,597 shares of company stock worth $1,764,452 over the last quarter. Company insiders own 1.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of X. Regal Investment Advisors LLC lifted its holdings in shares of United States Steel Corporation by 29.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 24,168 shares of the basic materials company’s stock valued at $535,000 after buying an additional 5,460 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of United States Steel Corporation by 150.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,881 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 34,209 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of United States Steel Corporation by 0.8% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 161,847 shares of the basic materials company’s stock valued at $5,472,000 after buying an additional 1,240 shares during the period. Skylands Capital LLC acquired a new position in shares of United States Steel Corporation in the 2nd quarter valued at about $684,000. Finally, Stifel Financial Corp lifted its holdings in shares of United States Steel Corporation by 304.0% in the 2nd quarter. Stifel Financial Corp now owns 159,801 shares of the basic materials company’s stock valued at $3,531,000 after buying an additional 120,248 shares during the period. 63.77% of the stock is owned by hedge funds and other institutional investors.

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).

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

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