U.S. Steel is now trading at 6.1x its 2017 consensus EBITDA and at 4.7x its consensus 2018 EBITDA.
Analysts expect U.S. Steel (X) to post negative free cash flow of $80 million for 2Q17. The company reported negative free cash flows of $182 million for 1Q17.
Mario Longhi, U.S. Steel’s (X) CEO since 2013, announced his retirement on May 10, 2017. The move came after U.S. Steel stock witnessed its worst single-day fall.
In 1Q17, U.S. Steel posted a surprise loss, while peers like Nucor (NUE) and Steel Dynamics (STLD) posted multi-quarter high profits.
U.S. Steel posted EBITDA of $74 million in 1Q17—much lower than the consensus estimate of $251 million.
U.S. Steel is expected to post revenues of $2.9 billion in 2Q17, compared with to $2.7 billion in 1Q17 and $2.6 billion in 2Q16.
It’s been a roller-coaster year for U.S. Steel. While the year started on a positive note for the US steel industry, we saw weakness thereafter.
In all, 29 analysts cover CSX (CSX). Two analysts changed their recommendations on CSX stock from “hold” to “buy,” which takes the number of analysts with a “buy” suggestion to ten from eight previously.
In 2Q17, CSX’s (CSX) operating margins registered a 160-basis-point increase.
On April 20, 2017, CSX announced an additional stock buyback program of $1.0 billion.
In this section, we’ll review the performance of CSX’s (CSX) intermodal segment in 2Q17.
CSX’s (CSX) Merchandise segment revenues expanded 1% to $1.8 billion in 2Q17.
In this article, we’ll take stock of CSX’s (CSX) coal revenues in 2Q17.
Eastern US freight rail carrier CSX (CSX) announced its 2Q17 earnings on July 18, 2017, after market hours.
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