United States Steel (NYSE:X) Issues Quarterly Earnings Results

United States Steel (NYSE:X) issued its quarterly earnings results on Thursday. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates 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 %

United States Steel stock opened at $36.93 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.32 billion, a PE ratio of 24.30 and a beta of 1.88. The stock’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 12 month low of $26.92 and a 12 month high of $48.40.

United States Steel Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.