News stories about United States Steel (NYSE:X) have trended very negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. United States Steel earned a coverage optimism score of -3.29 on their scale. InfoTrie also gave news articles about the basic materials company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected United States Steel’s ranking:
A number of analysts recently issued reports on the company. Cfra downgraded United States Steel from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Berenberg Bank cut United States Steel from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Deutsche Bank initiated coverage on United States Steel in a research note on Thursday, December 5th. They issued a “buy” rating for the company. raised United States Steel from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Credit Suisse Group lowered their price target on United States Steel from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, September 19th. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.20.
NYSE:X traded down $1.44 during trading hours on Friday, hitting $11.92. The company’s stock had a trading volume of 42,870,883 shares, compared to its average volume of 12,401,347. United States Steel has a twelve month low of $9.93 and a twelve month high of $24.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69. The stock has a fifty day simple moving average of $13.38 and a 200-day simple moving average of $12.89. The company has a market capitalization of $2.27 billion, a P/E ratio of 2.22, a PEG ratio of 23.30 and a beta of 3.12.
United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. United States Steel had a return on equity of 10.57% and a net margin of 4.56%. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 earnings per share. On average, equities analysts predict that United States Steel will post 0.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Wednesday, November 13th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.20 annualized dividend and a yield of 1.68%. United States Steel’s dividend payout ratio is currently 3.73%.
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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