United States Steel (NYSE:X – Get Free Report) released its quarterly earnings data on Thursday. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12, Briefing.com reports. United States Steel had a net margin of 3.40% and a return on equity of 7.98%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the business earned $1.92 EPS. United States Steel’s quarterly revenue was down 17.8% compared to the same quarter last year.
United States Steel Stock Performance
Shares of X traded down $0.37 during trading hours on Friday, reaching $40.29. 3,042,898 shares of the company traded hands, compared to its average volume of 2,476,965. The stock has a market cap of $9.06 billion, a P/E ratio of 11.82 and a beta of 1.93. The stock’s fifty day moving average is $38.25 and its 200 day moving average is $40.95. United States Steel has a 1-year low of $22.26 and a 1-year high of $50.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.71.
United States Steel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, August 12th. United States Steel’s dividend payout ratio is currently 5.87%.
Analysts Set New Price Targets
United States Steel Company Profile
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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