News coverage about United States Steel Corporation (NYSE:X) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. United States Steel Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.7528730628059 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- The Hero Of US Steel’s Q3 Beat? An Accounting Change (feeds.benzinga.com)
- Mid-Morning Market Update: Markets Open Higher; Estee Lauder Tops Q3 Expectations (feeds.benzinga.com)
- Why US Steel’s Q3 Report Might Include A Guidance Cut – Benzinga (benzinga.com)
- Will Antsy US Steel Investors Be Appeased With By Earnings Beat? (feeds.benzinga.com)
- United States Steel Corp. Reveals 148% Advance In Q3 Bottom Line – Markets Insider (markets.businessinsider.com)
United States Steel Corporation (NYSE:X) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.25. United States Steel Corporation had a return on equity of 10.79% and a net margin of 1.05%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the business earned $0.40 EPS. United States Steel Corporation’s revenue for the quarter was up 20.9% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. United States Steel Corporation’s dividend payout ratio (DPR) is presently 29.85%.
X has been the topic of a number of recent research reports. Longbow Research downgraded United States Steel Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, July 27th. Argus increased their target price on United States Steel Corporation to $1.48 and gave the company a “buy” rating in a report on Friday, July 28th. Cowen and Company increased their target price on United States Steel Corporation from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Macquarie initiated coverage on United States Steel Corporation in a report on Wednesday, September 6th. They issued an “outperform” rating and a $31.00 target price on the stock. Finally, Bank of America Corporation raised United States Steel Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $29.00 to $31.00 in a report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.82.
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In other news, CFO Kevin Bradley purchased 22,835 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average cost of $27.62 per share, for a total transaction of $630,702.70. Following the completion of the purchase, the chief financial officer now directly owns 30,415 shares of the company’s stock, valued at $840,062.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Murry Gerber purchased 4,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $26.89 per share, for a total transaction of $107,560.00. Following the completion of the purchase, the director now directly owns 168,457 shares of the company’s stock, valued at $4,529,808.73. The disclosure for this purchase can be found here. Insiders bought 64,597 shares of company stock valued at $1,764,452 over the last 90 days. Company insiders own 1.00% of the company’s stock.
United States Steel Corporation 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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