United States Steel Co. (NYSE:X) CEO David B. Burritt sold 6,936 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $39.95, for a total transaction of $277,093.20. Following the sale, the chief executive officer now directly owns 179,567 shares of the company’s stock, valued at approximately $7,173,701.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
United States Steel Co. (X) opened at $39.03 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. United States Steel Co. has a 12-month low of $18.55 and a 12-month high of $41.83. The stock has a market cap of $6,830.00, a P/E ratio of 57.40, a price-to-earnings-growth ratio of 1.58 and a beta of 3.00.
United States Steel (NYSE:X) last announced its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was up 20.9% on a year-over-year basis. equities research analysts predict that United States Steel Co. will post 1.85 earnings per share for the current year.
X has been the subject of several research reports. ValuEngine raised shares of United States Steel from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Bank of America set a $32.00 price objective on shares of United States Steel and gave the company a “buy” rating in a research note on Friday, October 20th. Longbow Research raised shares of United States Steel from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Cowen reissued a “hold” rating and issued a $40.00 price objective on shares of United States Steel in a research note on Thursday, January 4th. Finally, Axiom Securities raised shares of United States Steel from a “sell” rating to a “hold” rating and dropped their price objective for the company from $41.83 to $18.55 in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. United States Steel has a consensus rating of “Buy” and an average price target of $31.14.
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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