United States Steel (NYSE:X – Get Rating) is scheduled to announce its earnings results after the market closes on Thursday, April 27th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
United States Steel (NYSE:X – Get Rating) last issued its quarterly earnings data on Friday, February 3rd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.27. United States Steel had a return on equity of 26.75% and a net margin of 11.98%. The business had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the business earned $3.64 earnings per share. The business’s revenue was down 22.8% on a year-over-year basis. On average, analysts expect United States Steel to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.
United States Steel Stock Down 2.6 %
Shares of NYSE:X opened at $25.96 on Thursday. The stock’s fifty day simple moving average is $27.11 and its 200-day simple moving average is $25.47. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.90 billion, a P/E ratio of 2.89 and a beta of 2.14. United States Steel has a 52-week low of $16.41 and a 52-week high of $38.36.
United States Steel Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Monday, February 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.77%. United States Steel’s dividend payout ratio (DPR) is presently 2.23%.
Insider Activity at United States Steel
In other United States Steel news, Director Andrea J. Ayers acquired 1,000 shares of United States Steel stock in a transaction dated Friday, March 3rd. The stock was acquired at an average cost of $31.45 per share, for a total transaction of $31,450.00. Following the completion of the transaction, the director now owns 5,014 shares in the company, valued at approximately $157,690.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Richard Fruehauf sold 37,500 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $31.38, for a total value of $1,176,750.00. Following the completion of the transaction, the senior vice president now owns 57,826 shares in the company, valued at approximately $1,814,579.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea J. Ayers bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was bought at an average price of $31.45 per share, with a total value of $31,450.00. Following the transaction, the director now directly owns 5,014 shares in the company, valued at $157,690.30. The disclosure for this purchase can be found here. 0.98% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in shares of United States Steel during the fourth quarter worth $28,000. Money Concepts Capital Corp purchased a new stake in United States Steel during the fourth quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. lifted its stake in United States Steel by 24.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the basic materials company’s stock valued at $76,000 after buying an additional 592 shares in the last quarter. Forum Financial Management LP purchased a new stake in United States Steel during the first quarter valued at about $206,000. Finally, Equitable Holdings Inc. purchased a new position in United States Steel during the 1st quarter worth approximately $222,000. 75.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on X shares. The Goldman Sachs Group raised their target price on shares of United States Steel from $23.00 to $26.00 and gave the company a “sell” rating in a research note on Monday, February 6th. StockNews.com assumed coverage on United States Steel in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Morgan Stanley upped their target price on United States Steel from $20.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. BMO Capital Markets lifted their price objective on shares of United States Steel from $25.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, February 6th. Finally, Bank of America initiated coverage on shares of United States Steel in a research note on Wednesday, January 4th. They set an “underperform” rating on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.29.
United States Steel Company Profile
United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke.