United States Steel (X) Set to Announce Quarterly Earnings on Thursday

United States Steel (NYSE:X) will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. United States Steel’s revenue was down 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.92 EPS. On average, analysts expect United States Steel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

United States Steel Stock Performance

Shares of United States Steel stock opened at $38.46 on Tuesday. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 17.17 and a beta of 1.87. The firm’s 50-day moving average is $36.44 and its 200 day moving average is $37.71. United States Steel has a 1 year low of $26.92 and a 1 year high of $50.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s dividend payout ratio (DPR) is 8.93%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on X. Morgan Stanley boosted their target price on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and upped their price target for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target for the company in a research report on Monday, September 9th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Friday, September 6th. Finally, Jefferies Financial Group reduced their price target 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. Four investment 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, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.62.

About United States Steel

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.