The results included charges of $53 million to shut down the blast furnace and other operations at its mill in Fairfield, Ala., $10 million related to the pension plan at its bankrupt Canadian operations, and $7 million for restructuring and other items. Actual earnings share as last reported was -0.69. The rating is an average of the various different ratings given by analysts and brokers to United States Steel Corporation New, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. BB&T Corp. assumed coverage on shares of United States Steel in a research report on Wednesday, September 9th. United States Steel has a one year low of $9.66 and a one year high of $38.04. Its shares were above its 50 days simple moving average with 1.45%. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $28.00 in a report on Thursday, July 30th. Analysts anticipate that United States Steel will post ($1.07) EPS for the current fiscal year. It now envisions adjusted earnings before interest, income taxes, depreciation and amortization (EBITDA) for 2015 to be around $225 million. Earnings per share were -1.84. Among the 4 analysts who were surveyed, the consensus expectation for quarterly sales had been 3056.297.
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Shares of AK Steel Holding Corporation (NYSE:AKS), declined -3.30% to $2.93, during its last trading session. The stock had changed +0.94% since market close yesterday. The company’s shares opened today at 12.82. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The business operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Firm’s railway and real estate businesses are combined beneath the Other Businesses category. (USSS). On February 1, 2012, U. S. Steel completed the sale of the majority of the operating assets of Birmingham Southern Railroad Company, as well as the Port Birmingham Terminal. AK Steel Holding Corporation(NYSE:AKS)said that it applauds the U.S. Department of Commerce’s preliminary determinations announced that imports of corrosion-resistant steel (“CORE”) from China, India, Italy and South Korea are benefiting from unfair government subsidies and should be subject to counter-vailing duties.
