Brokerages Anticipate United States Steel Co. (NYSE:X) Will Announce Earnings of -$1.39 Per Share

Analysts expect United States Steel Co. (NYSE:X) to post ($1.39) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for United States Steel’s earnings, with the highest EPS estimate coming in at ($1.30) and the lowest estimate coming in at ($1.45). United States Steel posted earnings per share of ($0.21) during the same quarter last year, which indicates a negative year-over-year growth rate of 561.9%. The business is scheduled to announce its next earnings results after the market closes on Thursday, October 29th.

On average, analysts expect that United States Steel will report full-year earnings of ($5.57) per share for the current financial year, with EPS estimates ranging from ($6.13) to ($4.95). For the next financial year, analysts forecast that the company will post earnings of ($1.66) per share, with EPS estimates ranging from ($3.50) to ($0.75). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for United States Steel.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.74) by $0.07. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $1.69 billion. United States Steel had a negative net margin of 16.25% and a negative return on equity of 18.78%.

A number of equities analysts recently commented on the company. Citigroup dropped their price objective on 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 United States Steel from a “sell” rating to a “hold” rating and set a $8.50 price objective for the company in a research report on Saturday, August 15th. Credit Suisse Group restated a “sell” rating on shares of United States Steel in a research note on Tuesday, September 22nd. Cowen decreased their price objective on United States Steel from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Tuesday, August 4th. Finally, ValuEngine downgraded United States Steel from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 1st. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC raised its holdings in United States Steel by 1,109.6% during the 1st quarter. HighTower Advisors LLC now owns 193,886 shares of the basic materials company’s stock worth $1,221,000 after purchasing an additional 177,857 shares during the last quarter. NEXT Financial Group Inc grew its position in shares of United States Steel by 566.9% in the 2nd quarter. NEXT Financial Group Inc now owns 11,990 shares of the basic materials company’s stock valued at $87,000 after purchasing an additional 10,192 shares during the period. Geode Capital Management LLC grew its position in shares of United States Steel by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 1,950,955 shares of the basic materials company’s stock valued at $12,310,000 after purchasing an additional 85,070 shares during the period. Morgan Stanley grew its position in shares of United States Steel by 94.0% in the 1st quarter. Morgan Stanley now owns 5,381,111 shares of the basic materials company’s stock valued at $33,956,000 after purchasing an additional 2,607,633 shares during the period. Finally, World Asset Management Inc boosted its position in United States Steel by 28.7% during the 2nd quarter. World Asset Management Inc now owns 24,044 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 5,364 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Shares of NYSE X traded up $0.30 during mid-day trading on Friday, reaching $8.96. The company had a trading volume of 11,540,939 shares, compared to its average volume of 14,153,122. The stock has a fifty day moving average of $7.81 and a two-hundred day moving average of $7.67. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.54 and a current ratio of 2.30. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -0.88 and a beta of 2.51. United States Steel has a 12-month low of $4.54 and a 12-month high of $14.52.

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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