Equities analysts expect United States Steel Co. (NYSE:X) to post sales of $2.75 billion for the current quarter, according to Zacks. Four analysts have issued estimates for United States Steel’s earnings. The lowest sales estimate is $2.63 billion and the highest is $2.88 billion. United States Steel posted sales of $3.69 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 25.5%. The business is expected to announce its next earnings results on Wednesday, January 29th.
On average, analysts expect that United States Steel will report full-year sales of $12.86 billion for the current fiscal year, with estimates ranging from $12.74 billion to $12.99 billion. For the next year, analysts forecast that the firm will report sales of $12.22 billion, with estimates ranging from $11.74 billion to $12.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover United States Steel.
United States Steel (NYSE:X) last issued its earnings results on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.08. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the business earned $1.79 EPS. United States Steel’s quarterly revenue was down 17.7% compared to the same quarter last year.
Shares of X traded up $0.20 during trading hours on Friday, reaching $13.34. The stock had a trading volume of 13,364,900 shares, compared to its average volume of 12,588,711. United States Steel has a 12 month low of $9.93 and a 12 month high of $24.74. The firm has a 50-day simple moving average of $12.60 and a 200 day simple moving average of $12.89. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 2.49, a P/E/G ratio of 35.14 and a beta of 3.12.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, November 12th. United States Steel’s dividend payout ratio is presently 3.73%.
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in United States Steel by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 2,304,508 shares of the basic materials company’s stock worth $35,282,000 after purchasing an additional 80,654 shares during the period. Morgan Stanley increased its stake in United States Steel by 27.3% in the 2nd quarter. Morgan Stanley now owns 2,303,479 shares of the basic materials company’s stock worth $35,266,000 after purchasing an additional 494,085 shares during the period. Canada Pension Plan Investment Board increased its stake in United States Steel by 402.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,475,957 shares of the basic materials company’s stock worth $22,597,000 after purchasing an additional 1,181,957 shares during the period. Parametric Portfolio Associates LLC increased its stake in United States Steel by 84.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,265,209 shares of the basic materials company’s stock worth $19,370,000 after purchasing an additional 579,394 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in United States Steel by 11,651.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,261,286 shares of the basic materials company’s stock worth $19,310,000 after purchasing an additional 1,250,553 shares during the period. 70.48% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.