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

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on X shares. BMO Capital Markets cut 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, December 20th. JPMorgan Chase & Co. upped their price objective on United States Steel from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Jefferies Financial Group decreased their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Morgan Stanley boosted their target price on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. Finally, Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.70.

United States Steel Trading Down 1.3 %

United States Steel stock traded down $0.55 during trading hours on Thursday, reaching $41.07. The company had a trading volume of 6,123,538 shares, compared to its average volume of 4,926,034. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 1.53 and a beta of 1.86. United States Steel has a 12-month low of $26.92 and a 12-month high of $43.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The company has a 50-day moving average price of $37.58 and a 200 day moving average price of $36.72.

United States Steel (NYSE:X) last posted its quarterly 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 net margin of 2.46% and a return on equity of 4.27%. Equities analysts forecast that United States Steel will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

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