United States Steel (NYSE:X) Issues Q3 Earnings Guidance

United States Steel (NYSE:X) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.44-0.48 for the period, compared to the consensus estimate of $0.35.

United States Steel Trading Up 1.6 %

NYSE X opened at $36.80 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.72. The stock has a market cap of $8.28 billion, a P/E ratio of 10.79 and a beta of 1.88. The stock has a 50 day simple moving average of $38.11 and a two-hundred day simple moving average of $38.76. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $50.20.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm earned $1.92 EPS. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. On average, analysts forecast that United States Steel will post 2.15 earnings per share for the current year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. United States Steel’s dividend payout ratio (DPR) is 5.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on X shares. BNP Paribas raised shares of United States Steel from a neutral rating to an outperform rating and set a $40.00 target price for the company in a research note on Friday, September 6th. Morgan Stanley raised their price target on shares of United States Steel from $48.00 to $49.00 and gave the company an overweight rating in a report on Thursday, August 15th. Glj Research raised United States Steel from a sell rating to a buy rating and set a $38.57 price objective for the company in a report on Monday, September 9th. StockNews.com initiated coverage on United States Steel in a report on Monday, August 19th. They set a hold rating for the company. Finally, Jefferies Financial Group lowered their target price on shares of United States Steel from $47.00 to $41.00 and set a buy rating on the stock in a research note on Thursday, September 5th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, United States Steel presently has a consensus rating of Moderate Buy and an average price target of $39.76.

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.