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

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on X. Jefferies Financial Group reduced their price target on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a report on Monday, September 9th. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Friday, September 6th. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a research note on Monday, September 9th. Finally, BMO Capital Markets cut their target price on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, United States Steel presently has an average rating of “Moderate Buy” and a consensus target price of $42.80.

United States Steel Price Performance

Shares of United States Steel stock traded up $0.74 on Thursday, hitting $31.72. The company’s stock had a trading volume of 5,956,335 shares, compared to its average volume of 4,590,405. The firm has a fifty day moving average price of $38.08 and a 200-day moving average price of $37.83. The company has a market capitalization of $7.14 billion, a P/E ratio of 20.87 and a beta of 1.83. United States Steel has a 52-week low of $26.92 and a 52-week high of $48.95. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35.

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

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Friday, November 8th. United States Steel’s payout ratio is 13.16%.

About United States Steel

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.