United States Steel (NYSE:X) Updates Q4 2024 Earnings Guidance

United States Steel (NYSE:X) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of -0.290–0.250 for the period, compared to the consensus estimate of 0.240. The company issued revenue guidance of -.

United States Steel Stock Down 5.0 %

Shares of NYSE X opened at $30.14 on Friday. The firm has a market cap of $6.79 billion, a P/E ratio of 19.83 and a beta of 1.83. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. United States Steel has a 1 year low of $26.92 and a 1 year high of $48.95. The firm’s 50 day moving average price is $37.88 and its 200 day moving average price is $37.73.

United States Steel (NYSE:X) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 earnings per share. As a group, sell-side analysts anticipate that United States Steel will post 2.17 earnings per share for the current year.

United States Steel Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $42.00 in a research note on Monday, September 9th. BMO Capital Markets decreased their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday. 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 report on Monday, September 9th. Jefferies Financial Group reduced their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.37.

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.