United States Steel Co. (NYSE:X) – Equities research analysts at Jefferies Financial Group lowered their Q4 2019 earnings per share estimates for United States Steel in a research note issued to investors on Tuesday, November 12th. Jefferies Financial Group analyst M. Englert now anticipates that the basic materials company will earn ($0.60) per share for the quarter, down from their prior forecast of ($0.59). Jefferies Financial Group also issued estimates for United States Steel’s FY2020 earnings at ($0.87) EPS, FY2021 earnings at $1.11 EPS, FY2022 earnings at $1.28 EPS and FY2023 earnings at $3.94 EPS.
X has been the subject of a number of other reports. Credit Suisse Group lowered their price target on United States Steel from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, September 19th. Argus cut United States Steel from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Cfra lowered United States Steel from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. ValuEngine raised United States Steel from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Berenberg Bank lowered United States Steel from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.66.
NYSE X opened at $13.08 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 2.44, a P/E/G ratio of 38.14 and a beta of 3.04. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. United States Steel has a twelve month low of $9.93 and a twelve month high of $28.06. The stock has a fifty day simple moving average of $11.79 and a 200-day simple moving average of $13.10.
United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The company’s revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.79 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of X. Howe & Rusling Inc. acquired a new stake in United States Steel in the 3rd quarter valued at about $29,000. Quadrant Capital Group LLC raised its position in United States Steel by 92.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,156 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,993 shares in the last quarter. NEXT Financial Group Inc raised its position in United States Steel by 139.8% in the 2nd quarter. NEXT Financial Group Inc now owns 3,153 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,838 shares in the last quarter. Rational Advisors LLC raised its position in United States Steel by 178.5% in the 2nd quarter. Rational Advisors LLC now owns 4,280 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 2,743 shares in the last quarter. Finally, CenterStar Asset Management LLC acquired a new stake in United States Steel in the 2nd quarter valued at about $77,000. 60.91% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.53%. The ex-dividend date is Tuesday, November 12th. United States Steel’s payout ratio is 3.73%.
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.
Read More: Investing in Dividend Stocks
Receive News & Ratings for United States Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.