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

United States Steel (NYSE:X) issued an update on its fourth quarter earnings guidance on Thursday morning. 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.

United States Steel Stock Up 2.4 %

Shares of NYSE:X traded up $0.74 during midday trading on Thursday, hitting $31.72. 5,956,335 shares of the stock were exchanged, compared to its average volume of 4,590,405. The company has a market capitalization of $7.14 billion, a PE ratio of 20.87 and a beta of 1.83. United States Steel has a 52-week low of $26.92 and a 52-week 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 business’s fifty day simple moving average is $38.08 and its two-hundred day simple moving average is $37.83.

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

United States Steel Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.