Economy

Should Investors Take A Bite Out Of United States Steel Corporation (X)?

Should Investors Take A Bite Out Of United States Steel Corporation (X)?

About 6.04 million shares traded. LS Investment Advisors LLC boosted its stake in shares of United States Steel by 16.6% during the 2nd quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC acquired a new position in shares of United States Steel during the 1st quarter valued at $9,639,000. The stock increased 5.23% or $1.56 during the last trading session, reaching $31.39. Texas Permanent School Fund increased its position in shares of United States Steel by 0.3% in the first quarter. The target price by Jefferies would suggest a potential upside of 2.47 % from the company's last stock close. Return on assets ratio of the Company was 1.30%. Finally, Louisiana State Employees Retirement System raised its holdings in United States Steel by 3.6% during the 2nd quarter.

The short ratio in the company's stock is documented at 1.74 and the short float is around of 11.33%.

The stock of United States Steel Corporation (NYSE:X) is a huge mover today! Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $225.46, a P/E ratio of 20.76, a PEG ratio of 2.22 and a beta of 1.79.

More news: The pots for Champions League last 16, first and second leg dates

United States Steel Corporation (X) shares are up 8.66% for the week and that has got investors and traders sitting up and taking note. United States Steel Corporation (X) reported gain 4.29% in recent buying and selling session with closing price of $ 31.11. Hence the difference between Predicted EPS and Actual EPS reported is $0.21/share which shows an Earnings Surprise of 29.6 Percent. Its revenue totaled $3.06 billion down -2.66% from the previous quarter. United States Steel had a negative net margin of 4.29% and a negative return on equity of 11.36%. The firm's quarterly revenue was up 20.9% compared to the same quarter a year ago. Analysts anticipate that United States Steel will post $1.05 earnings per share for the current year. Investors of record on Friday, November 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Monday, May 8th. United States Steel's dividend payout ratio (DPR) is presently 29.85%.

Several analysts have issued reports on X shares. BidaskClub raised United States Steel from a "hold" rating to a "buy" rating in a research note on Saturday, August 26th. Northland Capital maintained United States Steel Corporation (NYSE:X) rating on Wednesday, March 9. Bank of America upgraded the shares of X in report on Wednesday, June 15 to "Neutral" rating. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover X having a buy-equivalent rating. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company's stock. Of those analysts, 6 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell. Following the completion of the purchase, the director now directly owns 21,872 shares in the company, valued at $436,127.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The firm earned "Sell" rating on Friday, July 28 by Citigroup. Insiders own 1.31% of the company's stock. The disclosure for this purchase can be found here. The shares were bought at an average cost of $19.94 per share, with a total value of $49,850.00.

United States Steel (NYSE:X) last posted its quarterly earnings data on Tuesday, April 25th. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. & global copyright & trademark law.

Analysts await United States Steel Corporation (NYSE:X) to report earnings on January, 30.


  • What's Adobe Systems Incorporated (ADBE) Upside After Today's Significant Increase?

    The software company reported $0.94 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.87 by $0.07. According to the most recent data, Adobe Systems Incorporated has a 52-week high of $186.27 and a 52-week low of $100.16.
    Paul Hornung Award victor  is Saquon Barkley

    Paul Hornung Award victor is Saquon Barkley

    The award - named after 1956 Heisman Trophy victor and Notre Dame quarterback Paul Hornung - has been doled out since 2010. I couldn't be more proud of Saquon and everything he has accomplished at Penn State. "But me, I will play in a bowl game".
    SPD leader promises to push Germany to embrace Macron

    SPD leader promises to push Germany to embrace Macron

    The SPD will debate the idea of once again joining such a coalition at a congress on December 7-9. Outside the congress centre, activists handed out red cards reading "No grand coalition".
  • John Elway 'embarrassed' but won't make changes until after season

    John Elway 'embarrassed' but won't make changes until after season

    And trying to win football games, we don't want guys just showing up to work and just checking boxes". The Broncos are 3-9 in Vance Joseph's first season as coach and have lost eight straight games.

    Autus Asset Management LLC Sells 962 Shares of Intuit Inc. (NASDAQ:INTU)

    Loring Wolcott & Coolidge Fiduciary Advsr Limited Liability Partnership Ma, a Massachusetts-based fund reported 1.21M shares. Wainwright on Monday, December 12. (NASDAQ:INTU) rating on Friday, February 26. (NASDAQ INTU) opened at $156.19 on Thursday.
    Ed Sheeran Beats out Drake and The Weekend

    Ed Sheeran Beats out Drake and The Weekend

    Sheeran, who will perform six times in New Zealand next year, has already been named Spotify's most-streamed artist. Sheeran surpassed Drake, Spotify's most-streamed artist of 2015 and 2016.
  • Atlanta anchor responds to email calling her a racial slur

    Atlanta anchor responds to email calling her a racial slur

    So, yea, Sharon Reed of CBS46 News in Atlanta is pretty unbelievable ! Reed shared a post about the email on social media. Kathyrae192 wrote. "you are what I call a N****r not a black person. you are what's wrong with the world".
    Shah Rukh Khan and Ranveer's films to not clash, Temper's release postponed

    Shah Rukh Khan and Ranveer's films to not clash, Temper's release postponed

    Reportedly, the idea of the has been taken from Jr NTR's film " Temper " and Rohit has also acquired the rights of the same. Karan Johar released the first poster of the film titled Simmba and it is all set to release on December 28, 2018.
    Prince Harry, Meghan Markle greet fans in English city

    Prince Harry, Meghan Markle greet fans in English city

    She will also give up her work on gender equality for UN Women and take up royal charity duties instead. One onlooker needed to know how Harry had managed to end up with someone as handsome as Meghan.
  • Gus Malzahn agrees to new deal to remain at Auburn

    Gus Malzahn agrees to new deal to remain at Auburn

    The Bulldogs claimed their first SEC title since 2005 and capped an impressive rise in Kirby Smart's second season as coach. Auburn is 45-21 under Malzahn overall. "We wanted to show that we could play better than we did".
    Flipkart Big Shopping Days sale: The best gadget deals for you

    Flipkart Big Shopping Days sale: The best gadget deals for you

    Buyers who have been looking for a new smartphone , laptop or TV, but holding back due to high prices can go for them now. Google is selling the smartphone at a discounted price of Rs. 49,999 (MRP Rs. 61,000) during the Big Shopping Days sale.
    'Game of Thrones' Star Reveals When Season 8 Will Premiere

    'Game of Thrones' Star Reveals When Season 8 Will Premiere

    Sophie Turner poses at a premiere for season seven of the television series " Game of Thrones " in Los Angeles July 12, 2017. For the first time in the Game of Thrones history, everyone was present. "All of the Americans wanted to come over.