LONDON, February 20, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings review on United States Steel Corp. (NYSE: X). On January 27, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=United%20States%20Steel&d=20-Feb-2015&s=X to read our free earnings review on United States Steel Corp. (U.S. Steel). For Q4 FY14 and full-year FY14, the company's net sales were $4.07 billion and $17.51 billion, respectively. President and CEO of U.S. Steel, Mario Longhi, stated that the management is pleased to report another quarter of strong operating results, which continue to reflect the significant and sustainable improvement in the company's earnings power from its Carnegie Way transformation efforts. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=United%20States%20Steel&d=20-Feb-2015&s=X
Earnings Overview
During Q4 FY14, U.S. Steel's net sales fell by $197 million from $4.27 billion in Q4 FY13. However, the company's Q4 FY14 revenue outperformed Bloomberg analysts' expectations of $3.93 billion. U.S. Steel's total reportable segment and Other Businesses income from operations was $420 million, or $92 per ton, in Q4 FY14 compared to $146 million, or $30 per ton, in Q4 FY13. Moreover, the company's adjusted EBITDA improved to $534 million, in Q4 FY14, from $260 million in Q4 FY13. Free research on X can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=United%20States%20Steel&d=20-Feb-2015&s=X
In Q4 FY14, U.S. Steel reported net income attributable to U.S. Steel of $275 million, or $1.83 per diluted share, compared to net income attributable to U.S. Steel of $297 million, or $1.93 per diluted share, in Q4 FY13. Bloomberg analysts' had expected net income attributable to U.S. Steel of $95.02 million, or $0.35 per diluted share, for Q4 FY14.
During FY14, U.S. Steel's net sales improved by $83 million from $17.42 billion in FY13. The company's FY14 net sales outperformed Bloomberg analysts' forecast of $17.24 billion. U.S. Steel's FY14 total reportable segment and Other Businesses income from operations stood at $1.19 billion compared to $400 million in FY13. Furthermore, the company's adjusted EBITDA surged to $1.70 billion in FY14 from $863 million in FY13.
For FY14, net income attributable to U.S. Steel came in at $102 million, or $0.69 per diluted share, the highest since 2008, compared to net loss attributable to the company of $1.65 billion, or $11.37 loss per diluted share, in FY13. Analysts at Bloomberg had expected net income attributable to U.S. Steel of $56 million, or $0.68 per diluted share. Sign up and read the free analyst's notes on X at:
http://get.Investor-Edge.com/pdf/?c=United%20States%20Steel&d=20-Feb-2015&s=X
As of December 31, 2014, the company had $1.35 billion of cash with net debt of $2.1 billion and total liquidity of $3.1 billion.
For FY15, U.S. Steel expects global economy to expand at a moderate rate, with U.S. economic growth of approximately 3% and European economic growth of approximately 1% and it anticipates lower single digit growth in each region. The company expects full-year 2015 adjusted income from operations to be in the range of $550 million to $850 million, or adjusted EBITDA of between $1.1 billion and $1.4 billion. Commenting on the outlook for FY15, Mr. Longhi stated that the company's Carnegie Way progress so far has exceeded the expectations in this multi-year journey. U.S. Steel expects to continue to generate benefits from this transformation which focuses on creating value through sustainable improvements in our business model and earnings power, he added. Visit Investor-Edge and access the latest research on X at:
http://get.Investor-Edge.com/pdf/?c=United%20States%20Steel&d=20-Feb-2015&s=X
Stock Performance
On the day following the earnings release, January 28, 2015, U.S. Steel's stock rallied 10.86% finishing the session at $23.58. Since then, the stock has moved both ways with gains outperforming losses. However, on the last close, Thursday, February 19, 2015, the company's shares finished 3.54% lower at $24.55. The company's shares vacillated between $24.15 and $24.83 during the session. A total of 10.22 million shares were traded, which was above its three months average volume of 8.78 million shares. Over the previous three trading sessions and last three months, U.S. Steel's shares have declined 6.87% and 28.59%, respectively. However, the stock has gained 11.54% over the past one month. Shares in the company closed below their 50-day and 200-day moving averages of $25.36 and $30.63, respectively. Furthermore, the stock traded at a PE ratio of 5.35.
Sneak Peek to Corporate Insider Trading
In the last one month, there were 20 corporate insider transactions done by four individuals. Between January 27, 2015 and February 16, 2015, a total of 54,358 shares have been purchased at an average price of $24.74 per share and for a total value of $1.34 million. The following are a few of the abovementioned transactions: David B. Burritt, Executive Vice President & Chief Financial Officer at U.S. Steel, bought 40,083 shares at an average price of $24.90 per share. Robert J. Stevens, Director at U.S. Steel, bought 9,183 shares at an average price of $24.27 per share. On January 27, 2015, Suzanne Rich Folsom, General Counsel, Chief Compliance Officer and Senior Vice President - Government Affairs at U.S. Steel, sold 1,080 shares worth $23,036, at a price of $21.33 per share. Complimentary in-depth research on X is available at:
http://get.Investor-Edge.com/pdf/?c=United%20States%20Steel&d=20-Feb-2015&s=X
About Investor-Edge.com
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Investor-Edge
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article