Is it time to Buy before this week’s earning report POSCO (NYSE:PKX)

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Earnings results for POSCO (NYSE:PKX)

POSCO is estimated to report earnings on 09/11/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $1.63.

POSCO last announced its quarterly earnings results on June 8th, 2020. The basic materials company reported $1.03 earnings per share for the quarter. The firm earned $12.20 billion during the quarter. POSCO has generated $4.86 earnings per share over the last year and currently has a price-to-earnings ratio of 9.8. POSCO has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, September 11th, 2020 based off prior year’s report dates.

Analyst Opinion on POSCO (NYSE:PKX)

4 Wall Street analysts have issued ratings and price targets for POSCO in the last 12 months. Their average twelve-month price target is $59.00, predicting that the stock has a possible upside of 53.21%. The high price target for PKX is $59.00 and the low price target for PKX is $59.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

POSCO has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $59.00, POSCO has a forecasted upside of 53.2% from its current price of $38.51. POSCO has received no research coverage in the past 90 days.

Dividend Strength: POSCO (NYSE:PKX)

POSCO has a dividend yield of 0.79%, which is in the bottom 25% of all stocks that pay dividends. POSCO does not have a long track record of dividend growth. The dividend payout ratio of POSCO is 6.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, POSCO will have a dividend payout ratio of 5.24% next year. This indicates that POSCO will be able to sustain or increase its dividend.

Insiders buying/selling: POSCO (NYSE:PKX)

In the past three months, POSCO insiders have not sold or bought any company stock. Only 0.01% of the stock of POSCO is held by insiders. Only 3.18% of the stock of POSCO is held by institutions.

Earnings and Valuation of POSCO (NYSE:PKX

Earnings for POSCO are expected to grow by 135.86% in the coming year, from $2.51 to $5.92 per share. The P/E ratio of POSCO is 9.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.35. The P/E ratio of POSCO is 9.85, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 36.89. POSCO has a PEG Ratio of 3.05. PEG Ratios above 1 indicate that a company could be overvalued. POSCO has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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