United States Steel (NYSE:X) Releases Q4 2024 Earnings Guidance

United States Steel (NYSE:X) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of -0.290–0.250 for the period, compared to the consensus estimate of 0.240. The company issued revenue guidance of -.

United States Steel Stock Performance

Shares of X opened at $30.14 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. United States Steel has a 12-month low of $26.92 and a 12-month high of $48.95. The business’s fifty day moving average price is $37.88 and its 200 day moving average price is $37.73. The stock has a market capitalization of $6.79 billion, a PE ratio of 19.83 and a beta of 1.83.

United States Steel (NYSE:X) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 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 net margin of 2.41% and a return on equity of 6.01%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. Equities 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 declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is 13.16%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on X shares. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Friday, September 6th. Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a research report on Monday, September 9th. BMO Capital Markets decreased their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday. Jefferies Financial Group cut their price target on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, United States Steel currently has an average rating of “Moderate Buy” and an average target price of $42.37.

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.