United States Steel Co. (NYSE:X) – Equities researchers at KeyCorp lifted their Q3 2020 earnings per share estimates for shares of United States Steel in a research report issued on Sunday, August 30th. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings per share of ($1.34) for the quarter, up from their previous estimate of ($1.42). KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for United States Steel’s FY2020 earnings at ($5.82) EPS and FY2021 earnings at ($0.55) EPS.
A number of other research firms have also weighed in on X. UBS Group dropped their price target on shares of United States Steel from $7.00 to $4.00 and set a “sell” rating for the company in a research report on Thursday, May 14th. upgraded shares of United States Steel from a “sell” rating to a “hold” rating in a report on Tuesday, June 9th. Citigroup dropped their target price on shares of United States Steel from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Zacks Investment Research upgraded shares of United States Steel from a “sell” rating to a “hold” rating and set a $8.50 target price on the stock in a report on Saturday, August 15th. Finally, ValuEngine upgraded shares of United States Steel from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.68.“Everyman” Investors Cash In! (Ad)
X opened at $7.80 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average price of $7.63 and a 200-day moving average price of $7.54. United States Steel has a twelve month low of $4.54 and a twelve month high of $14.52. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -0.77 and a beta of 2.49. United States Steel (NYSE:X) last announced its earnings results on Thursday, July 30th. The basic materials company reported ($2.67) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.74) by $0.07. United States Steel had a negative net margin of 16.25% and a negative return on equity of 18.78%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.69 billion.
Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC raised its position in shares of United States Steel by 11,328.6% during the second quarter. FNY Investment Advisers LLC now owns 4,000 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 3,965 shares during the period. Dupont Capital Management Corp bought a new position in United States Steel in the 2nd quarter worth approximately $39,000. Twin Tree Management LP bought a new position in United States Steel in the 2nd quarter worth approximately $44,000. Verus Capital Partners LLC boosted its holdings in United States Steel by 161.4% in the 1st quarter. Verus Capital Partners LLC now owns 8,439 shares of the basic materials company’s stock worth $53,000 after buying an additional 5,210 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in United States Steel by 21.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,787 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 1,572 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, August 7th. United States Steel’s payout ratio is 44.44%.
About United States Steel
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.
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