KeyCorp Weighs in on United States Steel Co.’s Q1 2018 Earnings (X)

United States Steel Co. (NYSE:X) – Research analysts at KeyCorp lowered their Q1 2018 earnings estimates for shares of United States Steel in a report released on Thursday. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.36.

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United States Steel (NYSE:X) last announced its earnings results on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $0.27 EPS. The company’s revenue was up 18.2% on a year-over-year basis.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of United States Steel from $48.00 to $69.00 in a research note on Friday, March 9th. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Bank of America set a $46.00 target price on shares of United States Steel and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Argus reissued a “buy” rating and set a $52.00 target price (up from $41.00) on shares of United States Steel in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.13.

Shares of United States Steel stock opened at $39.96 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.11 and a current ratio of 1.75. United States Steel has a one year low of $18.55 and a one year high of $47.64. The stock has a market cap of $7,028.28, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.20 and a beta of 2.79.

A number of large investors have recently modified their holdings of the stock. Oakbrook Investments LLC boosted its holdings in United States Steel by 14.0% in the fourth quarter. Oakbrook Investments LLC now owns 12,600 shares of the basic materials company’s stock worth $443,000 after purchasing an additional 1,550 shares in the last quarter. Advisor Group Inc. boosted its holdings in United States Steel by 11.8% in the fourth quarter. Advisor Group Inc. now owns 17,228 shares of the basic materials company’s stock worth $606,000 after purchasing an additional 1,822 shares in the last quarter. Amalgamated Bank boosted its holdings in United States Steel by 6.0% during the fourth quarter. Amalgamated Bank now owns 35,238 shares of the basic materials company’s stock valued at $1,240,000 after acquiring an additional 2,001 shares during the period. US Bancorp DE boosted its holdings in United States Steel by 81.2% during the fourth quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 2,045 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in United States Steel by 32.2% during the third quarter. Advisors Asset Management Inc. now owns 8,813 shares of the basic materials company’s stock valued at $226,000 after acquiring an additional 2,148 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

In related news, VP Colleen M. Darragh sold 1,060 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $37.85, for a total value of $40,121.00. Following the completion of the sale, the vice president now directly owns 18,076 shares in the company, valued at $684,176.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christine S. Breves sold 11,853 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $38.47, for a total transaction of $455,984.91. The disclosure for this sale can be found here. Insiders sold 147,885 shares of company stock valued at $5,927,600 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 9th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Thursday, February 8th. United States Steel’s dividend payout ratio is presently 9.17%.

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United States Steel Company Profile

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

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