United States Steel (X) Earning Somewhat Positive Media Coverage, Analysis Shows
Press coverage about United States Steel (NYSE:X) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. United States Steel earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.2497038878219 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- U.S. Steel may be ‘worse off’ after tariffs, but it is a 'great short' (finance.yahoo.com)
- United States Steel (X) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Steel Dynamics (STLD) and United States Steel (X) Financial Review (americanbankingnews.com)
- United States Steel Corporation Announces Proposed Senior Notes Offering – GlobeNewswire (press release) (globenewswire.com)
- United States Steel Corporation Announces Pricing of Senior Notes Offering – GlobeNewswire (press release) (globenewswire.com)
Several research analysts have recently commented on X shares. Credit Suisse Group lifted their price objective on United States Steel from $34.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Morgan Stanley decreased their price objective on United States Steel from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. ValuEngine raised United States Steel from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Citigroup raised United States Steel from a “sell” rating to a “neutral” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research cut United States Steel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.00.
United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.09. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. equities analysts forecast that United States Steel will post 4.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel’s payout ratio is 11.63%.
In other news, CEO David B. Burritt sold 6,936 shares of United States Steel stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $39.95, for a total transaction of $277,093.20. Following the completion of the transaction, the chief executive officer now directly owns 179,567 shares in the company, valued at $7,173,701.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David B. Burritt sold 36,072 shares of United States Steel stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $39.95, for a total transaction of $1,441,076.40. Following the transaction, the chief executive officer now owns 166,411 shares of the company’s stock, valued at $6,648,119.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,831 shares of company stock worth $5,195,060. Insiders own 1.00% of the company’s stock.
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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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