Analysts expect United States Steel Co. (NYSE:X) to announce earnings per share of $1.90 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for United States Steel’s earnings. The highest EPS estimate is $2.14 and the lowest is $1.67. United States Steel posted earnings of $0.76 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, January 30th.

On average, analysts expect that United States Steel will report full year earnings of $5.39 per share for the current financial year, with EPS estimates ranging from $5.25 to $5.55. For the next fiscal year, analysts anticipate that the business will post earnings of $4.49 per share, with EPS estimates ranging from $2.42 to $8.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow United States Steel.

United States Steel (NYSE:X) last announced its quarterly earnings results on Friday, November 2nd. The basic materials company reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.06. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.67 billion. United States Steel had a net margin of 5.01% and a return on equity of 21.69%. United States Steel’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share.

A number of research analysts have recently commented on X shares. TheStreet cut shares of United States Steel from a “b-” rating to a “c+” rating in a research report on Tuesday. Citigroup cut shares of United States Steel from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $23.00 in a research report on Wednesday. Cowen started coverage on shares of United States Steel in a research report on Tuesday. They set a “market perform” rating and a $22.00 target price on the stock. Credit Suisse Group cut shares of United States Steel from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Finally, BMO Capital Markets reissued a “hold” rating and set a $26.00 target price on shares of United States Steel in a research report on Wednesday, December 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.67.

In other United States Steel news, VP James E. Bruno sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $25.75, for a total transaction of $309,000.00. Following the completion of the sale, the vice president now owns 54,137 shares in the company, valued at $1,394,027.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin Bradley bought 10,000 shares of the stock in a transaction on Thursday, December 13th. The shares were acquired at an average price of $20.33 per share, with a total value of $203,300.00. Following the purchase, the chief financial officer now owns 112,830 shares of the company’s stock, valued at $2,293,833.90. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in United States Steel during the 2nd quarter valued at about $305,000. Janus Henderson Group PLC grew its holdings in shares of United States Steel by 1,259.8% during the second quarter. Janus Henderson Group PLC now owns 111,500 shares of the basic materials company’s stock worth $3,875,000 after buying an additional 103,300 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of United States Steel by 1,953.2% during the second quarter. Envestnet Asset Management Inc. now owns 17,575 shares of the basic materials company’s stock worth $610,000 after buying an additional 16,719 shares in the last quarter. Commonwealth Bank of Australia acquired a new stake in shares of United States Steel in the second quarter worth approximately $765,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of United States Steel in the second quarter worth approximately $337,000. Hedge funds and other institutional investors own 63.19% of the company’s stock.

X stock traded down $0.20 during midday trading on Friday, reaching $20.79. 192,863 shares of the company’s stock traded hands, compared to its average volume of 7,811,242. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.56 and a beta of 2.77. The company has a quick ratio of 0.99, a current ratio of 1.62 and a debt-to-equity ratio of 0.63. United States Steel has a fifty-two week low of $17.08 and a fifty-two week high of $47.64.

United States Steel announced that its Board of Directors has initiated a share repurchase program on Thursday, November 1st that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the basic materials company to buy up to 6.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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