United States Steel (NYSE:X) Issues Q4 Earnings Guidance

by · The Markets Daily

United States Steel (NYSE:X – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $(0.29)-(0.25) for the period, compared to the consensus estimate of $0.22.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $42.00 in a research report on Monday, September 9th. BMO Capital Markets lowered their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group cut their price objective on United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a research note on Monday, September 9th. Finally, BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Friday, September 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.37.

View Our Latest Analysis on United States Steel

United States Steel Trading Down 5.0 %

Shares of NYSE:X opened at $30.14 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6.79 billion, a PE ratio of 19.83 and a beta of 1.83. United States Steel has a 1 year low of $26.92 and a 1 year high of $48.95. The firm has a fifty day moving average price of $37.88 and a 200 day moving average price of $37.73.

United States Steel (NYSE:X – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The business’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Analysts expect that United States Steel will post 2.17 EPS for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 annualized dividend and a yield of 0.66%. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

About United States Steel

(Get Free Report)

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.

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