United States Steel Corporation (NYSE:X) – Investment analysts at KeyCorp decreased their FY2018 earnings per share estimates for shares of United States Steel Corporation in a report released on Monday. KeyCorp analyst P. Gibbs now forecasts that the basic materials company will post earnings of $1.88 per share for the year, down from their previous estimate of $1.95. KeyCorp currently has a “Hold” rating on the stock.

United States Steel Corporation (NYSE:X) last announced its earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.25. United States Steel Corporation had a net margin of 1.05% and a return on equity of 10.27%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis.

ILLEGAL ACTIVITY NOTICE: “United States Steel Corporation (X) to Post FY2018 Earnings of $1.88 Per Share, KeyCorp Forecasts” was first published by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/11/23/united-states-steel-corporation-x-to-post-fy2018-earnings-of-1-88-per-share-keycorp-forecasts.html.

Several other brokerages also recently weighed in on X. Longbow Research downgraded shares of United States Steel Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, July 27th. Argus increased their target price on shares of United States Steel Corporation to $1.48 and gave the company a “buy” rating in a research note on Friday, July 28th. Cowen and Company raised their price target on shares of United States Steel Corporation from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Macquarie initiated coverage on shares of United States Steel Corporation in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 price target on the stock. Finally, Bank of America Corporation raised shares of United States Steel Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $29.00 to $31.00 in a research note on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. United States Steel Corporation currently has a consensus rating of “Hold” and a consensus target price of $29.34.

Shares of United States Steel Corporation (X) traded up $0.35 on Thursday, hitting $28.51. 7,397,904 shares of the stock traded hands, compared to its average volume of 16,800,375. United States Steel Corporation has a 1-year low of $18.55 and a 1-year high of $41.83. The stock has a market capitalization of $4,927.85, a P/E ratio of 19.69 and a beta of 2.96. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03.

Large investors have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC boosted 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 in the last quarter. Cambridge Investment Research Advisors Inc. boosted 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 in the last quarter. Stifel Financial Corp boosted 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 in the last quarter. California State Teachers Retirement System raised its position in shares of United States Steel Corporation by 1.9% in the 2nd quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock valued at $7,114,000 after purchasing an additional 6,028 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its position in shares of United States Steel Corporation by 1,032.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 115,034 shares of the basic materials company’s stock valued at $2,547,000 after purchasing an additional 104,872 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

In other news, Director Murry Gerber purchased 4,000 shares of the stock in a transaction dated Friday, September 1st. The shares were acquired at an average cost of $26.89 per share, for a total transaction of $107,560.00. Following the acquisition, the director now owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eugene Sperling purchased 1,000 shares of the stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of $25.16 per share, for a total transaction of $25,160.00. Following the completion of the acquisition, the director now directly owns 3,009 shares in the company, valued at approximately $75,706.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 64,597 shares of company stock worth $1,764,452. 1.00% of the stock is owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, November 9th. United States Steel Corporation’s payout ratio is 29.85%.

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)

Receive News & Ratings for United States Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.