United States Steel (NYSE:X) Issues Q1 Earnings Guidance

United States Steel (NYSE:X) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of (0.53)-($0.49) for the period, compared to the consensus EPS estimate of ($0.32).

Analyst Ratings Changes

Several research firms recently commented on X. Jefferies Financial Group dropped their price target on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Morgan Stanley raised their price target on shares of United States Steel from $39.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, March 7th. BMO Capital Markets lifted their target price on shares of United States Steel from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.32.

United States Steel Stock Performance

NYSE:X opened at $40.90 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $37.88 and its 200-day moving average price is $36.77. United States Steel has a twelve month low of $26.92 and a twelve month high of $43.35. The company has a market cap of $9.21 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, sell-side analysts forecast that United States Steel will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is 13.42%.

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.