About United States Steel Corporation (NYSE:X)
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). The Flat-Rolled segment includes the operating results of its integrated steel plants and equity investees in the United States involved in the production of slabs, rounds, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. The USSE segment includes the operating results of U. S. Steel Kosice (USSK) and its integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of its tubular production facilities, primarily in the United States and equity investees in the United States and Brazil.
Industry, Sector and Symbol:
- Industry: Steel
- Sub-Industry: Steel
- Sector: Basic Materials
- Symbol: NYSE:X
- CUSIP: 91290910
- Web: www.ussteel.com
- Debt-to-Equity Ratio: 1.03%
- Current Ratio: 1.89%
- Quick Ratio: 1.23%
Sales & Book Value:
- Trailing P/E Ratio: 19.08
- Forward P/E Ratio: 15.16
- Annual Sales: $10.261 billion
- Price / Sales: 0.47
- Cash Flow: $1.57 per share
- Price / Cash: 17.36
- Book Value: $13.19 per share
- Price / Book: 2.07
- Annual Dividend: $0.20
- Dividend Yield: 0.7%
- Trailing EPS: $0.67
- Net Income: ($440,000,000.00)
- Net Margins: 1.05%
- Return on Equity: 10.27%
- Return on Assets: 2.67%
- Employees: 29,800
- Outstanding Shares: 174,990,000
Frequently Asked Questions for United States Steel Corporation (NYSE:X)
What is United States Steel Corporation's stock symbol?
United States Steel Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "X."
How often does United States Steel Corporation pay dividends? What is the dividend yield for United States Steel Corporation?
United States Steel Corporation declared a quarterly dividend on Tuesday, October 31st. Investors of record on Friday, November 10th will be given a dividend of $0.05 per share on Friday, December 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, November 9th. View United States Steel Corporation's Dividend History.
How were United States Steel Corporation's earnings last quarter?
United States Steel Corporation (NYSE:X) announced its quarterly earnings data on Tuesday, October, 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.25. The basic materials company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.07 billion. United States Steel Corporation had a return on equity of 10.27% and a net margin of 1.05%. United States Steel Corporation's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. View United States Steel Corporation's Earnings History.
When will United States Steel Corporation make its next earnings announcement?
What guidance has United States Steel Corporation issued on next quarter's earnings?
United States Steel Corporation updated its FY17 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of ~$1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.63.
Where is United States Steel Corporation's stock going? Where will United States Steel Corporation's stock price be in 2017?
17 brokerages have issued 1-year target prices for United States Steel Corporation's stock. Their forecasts range from $1.48 to $51.00. On average, they expect United States Steel Corporation's share price to reach $28.78 in the next year. View Analyst Ratings for United States Steel Corporation.
What are Wall Street analysts saying about United States Steel Corporation stock?
Here are some recent quotes from research analysts about United States Steel Corporation stock:
- 1. Cowen and Company analysts commented, "material exposure" to spot flat-rolled prices should have investors concerned as nearly 60 percent of the U.S. flat-rolled segment is exposed to any move in the spot market.Moreover, U.S. Steel's vertically integrated iron ore supply structure adds another headwind to the story, the analyst continued. The company should be seen as an "undercover iron ore play" because when iron ore prices rise, steel prices normally follows the lead and the company benefits from the fixed price of its internally sourced iron ore."This enables margins to expand more rapidly than a steel mill that is having to buy iron orein the open market," the analyst explained. "The issue is that when iron ore prices are falling, the company does not benefit from the reduction in input costs that a mill which is short iron ore would be able to achieve.Bottom line, a decline in HRC prices would prove to be "detrimental" for U.S. Steel's overall earnings power due to its "significant" (9/22/2017)
- 2. Rosenblatt Securities analysts commented, "We increased estimates for U.S. Steel (X) to reflect the favorable trends evident throughout the Oil-Country Tubular Goods (OCTG) market. Communications with energy-related metal distributors implies potential upside opportunity for the domestic manufacturers during 2H17. Specifically, we believe the X Tubular Segment could realize a 30-40% volume improvement over the next 4- 5 quarters, supported by real consumption growth and a channel refill (in certain areas). Our revised 2017 EPS forecast is $2.83 (up $0.11), which is supporting a new 12-month price target of $35 per share (up from $29-30)." (2/27/2017)
- 3. Jefferies Group LLC analysts commented, "X last night reported 4Q16 adj. EPS of $0.27, exceeding JEFe -$0.18 and cons -$0.03, and reported EBITDA of $211m, exceeding JEFe $166m and cons $181m. However, 2017 EBITDA guidance of $1.3b likely falls short investors' expectations ~$1.5b, despite coming above cons $1.2b. Encouragingly, X noted it starts 2017 with improving market conditions and with continued savings benefits from Carnegie Way as it embarks on asset revitalization investment. Reiterate Buy." (2/1/2017)
Are investors shorting United States Steel Corporation?
United States Steel Corporation saw a decline in short interest in October. As of October 31st, there was short interest totalling 20,575,772 shares, a decline of 31.1% from the October 13th total of 29,854,547 shares. Based on an average daily volume of 11,872,392 shares, the days-to-cover ratio is presently 1.7 days. Currently, 11.9% of the shares of the company are short sold.
Who are some of United States Steel Corporation's key competitors?
Some companies that are related to United States Steel Corporation include Steel Dynamics (STLD), Gerdau S.A. (GGB), National Steel Company (SID), Carpenter Technology Corporation (CRS), Commercial Metals Company (CMC), Cliffs Natural Resources (CLF), Grupo Simec SAB de CV (SIM), Gibraltar Industries (ROCK), Mechel PAO (MTL), SunCoke Energy Partners, L.P. (SXCP), SunCoke Energy (SXC), Dynamic Materials Corp. (BOOM), L.B. Foster Company (FSTR), Olympic Steel (ZEUS), Northwest Pipe Company (NWPX), Synalloy Corporation (SYNL) and Bushveld Minerals Limited (BMN).
Who are United States Steel Corporation's key executives?
United States Steel Corporation's management team includes the folowing people:
- David B. Burritt, President, Chief Executive Officer, Director (Age 61)
- Kevin P. Bradley, Chief Financial Officer, Executive Vice President (Age 55)
- Barry Melnkovic, Chief Human Resource Officer, Vice President
- Suzanne Rich Folsom, Senior Vice President - Government Affairs, Chief Compliance Officer, General Counsel (Age 56)
- James E. Bruno, Senior Vice President - Automotive Solutions (Age 51)
- Douglas R. Matthews, Senior Vice President - Industrial, Service Center and Mining Solutions (Age 51)
- David J. Rintoul, Senior Vice President - Tubular Business (Age 59)
- Sara A. Ulbrich-Greenstein, Senior Vice President - Consumer Solutions (Age 42)
- Pipasu H. Soni, Vice President - Finance (Age 44)
- Colleen M. Darragh, Vice President, Controller (Age 47)
Who owns United States Steel Corporation stock?
United States Steel Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Amerigo Asset Management (3,531,170.92%), Dimensional Fund Advisors LP (1.81%), Bank of New York Mellon Corp (1.13%), Hodges Capital Management Inc. (0.89%), Jennison Associates LLC (0.58%) and State of New Jersey Common Pension Fund D (0.46%). Company insiders that own United States Steel Corporation stock include David B Burritt, David J Rintoul, David Sutherland, Eugene Sperling, James E Bruno, Kevin Bradley, Mario Longhi Filho, Murry Gerber, Paul Anthony Mascarenas, Sara A Greenstein and Stephen J Girsky. View Institutional Ownership Trends for United States Steel Corporation.
Who sold United States Steel Corporation stock? Who is selling United States Steel Corporation stock?
United States Steel Corporation's stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Ameriprise Financial Inc., Allianz Asset Management GmbH, Great West Life Assurance Co. Can, Cornerstone Capital Management Holdings LLC., Dimensional Fund Advisors LP, Legal & General Group Plc and LMR Partners LLP. Company insiders that have sold United States Steel Corporation company stock in the last year include David B Burritt, David J Rintoul, James E Bruno, Mario Longhi Filho and Sara A Greenstein. View Insider Buying and Selling for United States Steel Corporation.
Who bought United States Steel Corporation stock? Who is buying United States Steel Corporation stock?
United States Steel Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Amerigo Asset Management, Prudential Financial Inc., CI Investments Inc., Anchor Bolt Capital LP, Chicago Equity Partners LLC, OxFORD Asset Management LLP, Bluestein R H & Co. and KBC Group NV. Company insiders that have bought United States Steel Corporation stock in the last two years include David Sutherland, Eugene Sperling, Kevin Bradley, Murry Gerber, Paul Anthony Mascarenas and Stephen J Girsky. View Insider Buying and Selling for United States Steel Corporation.
How do I buy United States Steel Corporation stock?
Shares of United States Steel Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is United States Steel Corporation's stock price today?
One share of United States Steel Corporation stock can currently be purchased for approximately $27.28.
How big of a company is United States Steel Corporation?
United States Steel Corporation has a market capitalization of $4.77385 billion and generates $10.261 billion in revenue each year. The basic materials company earns ($440,000,000.00) in net income (profit) each year or $0.67 on an earnings per share basis. United States Steel Corporation employs 29,800 workers across the globe.
How can I contact United States Steel Corporation?
United States Steel Corporation's mailing address is 600 GRANT STREET, PITTSBURGH PA, 15219. The basic materials company can be reached via phone at 412-433-1121 or via email at [email protected]
MarketBeat Community Rating for United States Steel Corporation (NYSE X)MarketBeat's community ratings are surveys of what our community members think about United States Steel Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for United States Steel Corporation (NYSE:X) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 6 Hold Ratings, 8 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.29)|
|Consensus Price Target: ||$28.78 (5.50% upside)|
Consensus Price Target History for United States Steel Corporation (NYSE:X)
Analysts' Ratings History for United States Steel Corporation (NYSE:X)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/2/2017||BMO Capital Markets||Boost Price Target||Market Perform||$29.00 -> $33.00||N/A|
|11/2/2017||Cowen and Company||Upgrade||Underperform -> Market Perform||$20.00 -> $28.00||N/A|
|10/20/2017||Bank of America Corporation||Set Price Target||Buy||$31.00 -> $32.00||N/A|
|10/3/2017||Longbow Research||Reiterated Rating||Neutral||Low|
|9/18/2017||Jefferies Group LLC||Reiterated Rating||Buy||Low|
|9/15/2017||Citigroup Inc.||Boost Price Target||Sell -> Sell||$20.00 -> $22.00||High|
|9/6/2017||Macquarie||Initiated Coverage||Outperform -> Outperform||$31.00||Low|
|9/5/2017||Standpoint Research||Downgrade||Buy -> Reduce||Medium|
|8/9/2017||Barclays PLC||Reiterated Rating||Equal Weight||$24.00 -> $25.00||Low|
|7/28/2017||Argus||Boost Price Target||Buy||$1.48||Low|
|7/27/2017||J P Morgan Chase & Co||Reiterated Rating||Top Pick -> Overweight||$51.00||High|
|7/26/2017||Credit Suisse Group||Reiterated Rating||Outperform||$29.00 -> $34.00||Low|
|7/25/2017||Axiom Securities||Reiterated Rating||Sell||High|
|7/21/2017||Morgan Stanley||Reiterated Rating||Overweight||Low|
|6/23/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||$30.00||High|
|2/27/2017||Rosenblatt Securities||Reiterated Rating||Neutral||$35.00||N/A|
|11/3/2016||Clarkson Capital||Upgrade||Sell -> Neutral||N/A|
|3/9/2016||Northland Securities||Boost Price Target||Neutral||$8.00 -> $11.00||N/A|
|3/9/2016||Nomura||Lower Price Target||Neutral||$11.00 -> $8.00||N/A|
Earnings History and Estimates Chart for United States Steel Corporation (NYSE:X)
Earnings History by Quarter for United States Steel Corporation (NYSE X)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/31/2017||Q3 2017||$0.67||$0.92||$3.07 billion||$3.25 billion||View||N/A|
|7/25/2017||Q2 2017||$0.41||$1.07||$2.98 billion||$3.14 billion||View||N/A|
|4/25/2017||Q1 2017||$0.35||($0.83)||$2.91 billion||$2.73 billion||View||N/A|
|1/31/2017||Q4 2016||$0.01||$0.27||$2.65 billion||$2.65 billion||View||N/A|
|7/26/2016||Q2||($0.49)||($0.31)||$2.68 billion||$2.58 billion||View||N/A|
|4/26/2016||Q1||($1.23)||($2.15)||$2.51 billion||$2.34 billion||View||N/A|
|1/26/2016||Q4||($0.83)||($0.23)||$2.52 billion||$2.57 billion||View||Listen|
|11/3/2015||Q3||($0.18)||($0.70)||$2.97 billion||$2.83 billion||View||Listen|
|7/28/2015||Q215||($0.65)||($0.79)||$3.06 billion||$2.90 billion||View||Listen|
|4/28/2015||Q115||$0.12||($0.07)||$3.43 billion||$3.27 billion||View||N/A|
|1/27/2015||Q414||$0.87||$1.83||$3.96 billion||$4.07 billion||View||N/A|
|10/28/2014||Q314||$1.17||$2.16||$4.56 billion||$4.59 billion||View||N/A|
|7/29/2014||Q214||($0.27)||$0.17||$4.23 billion||$4.40 billion||View||Listen|
|4/29/2014||Q114||$0.32||$0.27||$4.51 billion||$4.45 billion||View||Listen|
|7/30/2013||Q2 2013||($0.77)||($0.54)||$4.61 billion||$4.43 billion||View||Listen|
|4/30/2013||Q1 2013||($0.19)||($0.16)||$4.66 billion||$4.60 billion||View||Listen|
|1/29/2013||Q4 2012||($0.78)||($0.35)||$4.33 billion||$4.49 billion||View||Listen|
|10/30/2012||Q312||$0.01||$4.64 billion||$4.65 billion||View||N/A|
Earnings Estimates for United States Steel Corporation (NYSE:X)
2017 EPS Consensus Estimate: $2.09
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for United States Steel Corporation (NYSE:X)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||29.85% (Trailing 12 Months of Earnings) |
11.11% (Based on This Year's Estimates)
7.63% (Based on Next Year's Estimates)
Dividend History by Quarter for United States Steel Corporation (NYSE X)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for United States Steel Corporation (NYSE X)
Insider Ownership Percentage: 1.00%
Institutional Ownership Percentage: 64.73%
Insider Trades by Quarter for United States Steel Corporation (NYSE X)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/15/2017||Eugene Sperling||Director||Buy||1,000||$25.16||$25,160.00|| |
|9/8/2017||Kevin Bradley||CFO||Buy||36,762||$27.23||$1,001,029.26|| |
|9/6/2017||Kevin Bradley||CFO||Buy||22,835||$27.62||$630,702.70|| |
|9/1/2017||Murry Gerber||Director||Buy||4,000||$26.89||$107,560.00|| |
|5/18/2017||Paul Anthony Mascarenas||Director||Buy||1,500||$19.31||$28,965.00|| |
|5/16/2017||Stephen J Girsky||Director||Buy||2,500||$19.94||$49,850.00|| |
|5/12/2017||David Sutherland||Director||Buy||10,000||$19.96||$199,600.00|| |
|12/7/2016||Sara A Greenstein||VP||Sell||2,128||$35.34||$75,203.52|| |
|12/5/2016||Mario Longhi Filho||CEO||Sell||54,500||$35.00||$1,907,500.00|| |
|12/2/2016||David J Rintoul||VP||Sell||16,353||$33.48||$547,498.44|| |
|11/28/2016||James E Bruno||VP||Sell||704||$32.10||$22,598.40|| |
|11/28/2016||Mario Longhi Filho||CEO||Sell||277,200||$32.25||$8,939,700.00|| |
|11/23/2016||David B Burritt||VP||Sell||51,791||$32.56||$1,686,314.96|| |
|11/16/2016||David J Rintoul||VP||Sell||18,330||$28.19||$516,722.70|| |
|5/5/2016||Stephen J Girsky||Director||Buy||2,000||$18.94||$37,880.00|| |
|2/4/2015||David B Burritt||CFO||Buy||40,083||$24.90||$998,066.70|| |
|2/2/2015||Patricia Diaz Dennis||Director||Buy||1,000||$24.00||$24,000.00|| |
|1/30/2015||Robert J Stevens||Director||Buy||1,000||$22.86||$22,860.00|| |
|11/11/2014||Mario Longhi Filho||CEO||Buy||28,362||$35.24||$999,476.88|| |
|11/10/2014||David B Burritt||CFO||Buy||26,489||$37.56||$994,926.84|| |
|11/7/2014||Michael S Williams||SVP||Sell||44,807||$37.39||$1,675,333.73|| |
|5/8/2014||Michael Williams||SVP||Sell||5,000||$25.57||$127,850.00|| |
|3/4/2014||Michael Williams||SVP||Sell||3,000||$24.41||$73,230.00|| |
|2/4/2014||Murry Gerber||Director||Buy||14,400||$25.21||$363,024.00|| |
|1/3/2014||Robert Mcdonald||Director||Buy||1,000||$29.84||$29,840.00|| |
|5/13/2013||Murry Gerber||Director||Buy||72,075||$18.99||$1,368,704.25|| |
|5/8/2013||Murry Gerber||Director||Buy||12,925||$18.50||$239,112.50|| |
|5/2/2013||Thomas William Lasorda||Director||Buy||2,000||$17.44||$34,880.00|| |
|8/7/2012||Murry Gerber||Director||Buy||1,000||$23.40||$23,400.00|| |
Latest Headlines for United States Steel Corporation (NYSE X)
United States Steel Corporation (NYSE X) Chart for Sunday, November, 19, 2017