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

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

Analyst Ratings Changes

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

United States Steel Stock Up 2.4 %

Shares of NYSE X opened at $31.72 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $38.01 and its two-hundred day moving average is $37.79. United States Steel has a 52-week low of $26.92 and a 52-week high of $48.95. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 20.87 and a beta of 1.83.

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

United States Steel Announces Dividend

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

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.