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 guidance of $(0.29)-(0.25) for the period, compared to the consensus earnings per share estimate of $0.22.

Wall Street Analyst Weigh In

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

United States Steel Stock Up 2.4 %

NYSE X opened at $31.72 on Friday. The stock has a market cap of $7.14 billion, a PE ratio of 20.87 and a beta of 1.83. United States Steel has a twelve month low of $26.92 and a twelve month high of $48.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The firm has a 50-day simple moving average of $38.01 and a 200 day simple moving average of $37.79.

United States Steel (NYSE:X) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was down 13.0% on a year-over-year basis. On average, research analysts forecast that United States Steel will post 2.17 EPS for the current 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 dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. United States Steel’s payout ratio 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.