United States Steel Co. (NYSE:X) – Equities researchers at KeyCorp increased their Q2 2019 earnings per share (EPS) estimates for United States Steel in a research report issued on Tuesday, May 21st. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $0.50 for the quarter, up from their prior forecast of $0.46. KeyCorp also issued estimates for United States Steel’s FY2019 earnings at $1.20 EPS.

United States Steel (NYSE:X) last announced its earnings results on Thursday, May 2nd. The basic materials company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.30. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.37 billion. United States Steel had a net margin of 7.92% and a return on equity of 24.72%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS.

X has been the topic of several other research reports. Bank of America reissued a “buy” rating and set a $31.00 price objective (up previously from $28.00) on shares of United States Steel in a research note on Wednesday, February 27th. Berenberg Bank raised shares of United States Steel from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, February 21st. Argus dropped their price objective on shares of United States Steel from $30.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. They noted that the move was a valuation call. Morgan Stanley raised shares of United States Steel from an “underweight” rating to an “equal weight” rating and set a $22.00 price objective on the stock in a research note on Monday, January 28th. Finally, Zacks Investment Research raised shares of United States Steel from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 4th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $22.61.

Shares of X opened at $13.70 on Thursday. The stock has a market cap of $2.57 billion, a PE ratio of 2.56, a P/E/G ratio of 1.16 and a beta of 2.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.80 and a current ratio of 1.47. United States Steel has a 1-year low of $13.92 and a 1-year high of $39.23.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 1.46%. United States Steel’s dividend payout ratio (DPR) is presently 3.73%.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of United States Steel by 5.4% during the first quarter. BlackRock Inc. now owns 16,577,232 shares of the basic materials company’s stock valued at $323,090,000 after purchasing an additional 846,135 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of United States Steel by 1.2% during the third quarter. Vanguard Group Inc now owns 16,224,060 shares of the basic materials company’s stock valued at $494,509,000 after purchasing an additional 194,618 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United States Steel by 62.2% during the first quarter. Dimensional Fund Advisors LP now owns 7,691,438 shares of the basic materials company’s stock valued at $149,906,000 after purchasing an additional 2,950,906 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of United States Steel by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,286,558 shares of the basic materials company’s stock valued at $41,706,000 after purchasing an additional 287,808 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of United States Steel during the fourth quarter valued at approximately $34,731,000. 67.07% of the stock is owned by institutional investors and hedge funds.

United States Steel Company Profile

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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Earnings History and Estimates for United States Steel (NYSE:X)

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