United States Steel Co. (NYSE:X) – Research analysts at KeyCorp boosted their FY2017 earnings per share (EPS) estimates for United States Steel in a report issued on Thursday. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $2.05 for the year, up from their previous estimate of $1.79. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for United States Steel’s Q4 2017 earnings at $0.88 EPS and FY2018 earnings at $3.10 EPS.

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

Other equities research analysts have also recently issued research reports about the company. Cowen restated a “hold” rating and issued a $40.00 price target on shares of United States Steel in a report on Thursday, January 4th. Axiom Securities upgraded United States Steel from a “sell” rating to a “hold” rating and lowered their price target for the stock from $41.83 to $18.55 in a report on Monday, December 11th. Jefferies Group restated a “buy” rating on shares of United States Steel in a report on Monday, September 18th. Bank of America set a $32.00 price target on United States Steel and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Longbow Research upgraded United States Steel from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. United States Steel presently has an average rating of “Buy” and an average price target of $31.14.

United States Steel (X) opened at $39.14 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.23 and a current ratio of 1.89. United States Steel has a 52-week low of $18.55 and a 52-week high of $41.83. The stock has a market capitalization of $6,850.00, a P/E ratio of 57.56, a price-to-earnings-growth ratio of 1.67 and a beta of 3.00.

In other United States Steel news, SVP Sara A. Greenstein sold 3,606 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $30.00, for a total transaction of $108,180.00. Following the sale, the senior vice president now owns 51,744 shares in the company, valued at approximately $1,552,320. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Colleen M. Darragh sold 1,060 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total value of $40,121.00. Following the sale, the vice president now owns 18,076 shares in the company, valued at approximately $684,176.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,698 shares of company stock worth $2,535,286. 1.00% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Enterprise Financial Services Corp purchased a new position in shares of United States Steel during the 3rd quarter worth $120,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of United States Steel by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 674 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new position in shares of United States Steel during the 3rd quarter worth $205,000. ARP Americas LLC purchased a new position in shares of United States Steel during the 3rd quarter worth $223,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of United States Steel by 32.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 8,813 shares of the basic materials company’s stock worth $226,000 after purchasing an additional 2,148 shares during the period. 64.22% of the stock is currently owned by institutional investors.

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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).

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