United States Steel (NYSE:X) Announces Earnings Results

United States Steel (NYSE:XGet Free Report) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38), Zacks reports. United States Steel had a return on equity of 6.01% and a net margin of 2.41%.

United States Steel Trading Up 1.1 %

NYSE X opened at $36.93 on Friday. The company’s 50-day simple moving average is $35.28 and its two-hundred day simple moving average is $37.05. United States Steel has a one year low of $26.92 and a one year high of $48.40. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 24.30 and a beta of 1.88. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. United States Steel’s payout ratio is currently 13.16%.

Analyst Ratings Changes

Several analysts recently issued reports on X shares. BMO Capital Markets decreased their target price on United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Bank of America initiated coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Jefferies Financial Group cut their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.07.

View Our Latest Report on United States Steel

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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Earnings History for United States Steel (NYSE:X)

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