United States Steel (X) Scheduled to Post Earnings on Wednesday

United States Steel (NYSE:X) is scheduled to release its earnings data after the market closes on Wednesday, January 31st. Analysts expect United States Steel to post earnings of $0.63 per share for the quarter. United States Steel has set its FY17 guidance at ~$1.70 EPS.

United States Steel (NYSE:X) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion. United States Steel had a return on equity of 10.27% and a net margin of 1.05%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. On average, analysts expect United States Steel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

United States Steel (NYSE X) opened at $40.06 on Wednesday. The firm has a market capitalization of $7,010.00, a PE ratio of 58.91, a price-to-earnings-growth ratio of 1.48 and a beta of 3.00. United States Steel has a 52 week low of $18.55 and a 52 week high of $41.83. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89.

In other news, insider Richard Fruehauf sold 5,959 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $178,770.00. Following the transaction, the insider now directly owns 7,960 shares in the company, valued at approximately $238,800. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David J. Rintoul sold 17,640 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $36.57, for a total value of $645,094.80. Following the transaction, the senior vice president now owns 63,449 shares in the company, valued at $2,320,329.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,634 shares of company stock worth $2,812,380. 1.00% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on X shares. BMO Capital Markets lifted their price objective on United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. ValuEngine lowered United States Steel from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Longbow Research upgraded United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Bank of America set a $32.00 price target on United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Axiom Securities upgraded United States Steel from a “sell” rating to a “hold” rating and cut their price target for the company from $41.83 to $18.55 in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.14.

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United States Steel 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 for United States Steel (NYSE:X)

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