United States Steel (NYSE:X – Get Free Report) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.76-0.80 for the period, compared to the consensus EPS estimate of $0.77.
United States Steel Price Performance
Shares of NYSE X opened at $36.46 on Monday. The stock has a market cap of $8.20 billion, a PE ratio of 10.69 and a beta of 2.00. United States Steel has a fifty-two week low of $22.26 and a fifty-two week high of $50.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.71. The stock has a fifty day moving average of $38.03 and a 200-day moving average of $42.32.
United States Steel (NYSE:X – Get Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. United States Steel had a return on equity of 10.61% and a net margin of 4.89%. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Equities research analysts anticipate that United States Steel will post 2.72 earnings per share for the current year.
United States Steel Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Monday, May 13th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 0.55%. United States Steel’s dividend payout ratio is 5.87%.
Analyst Ratings Changes
Several analysts have commented on X shares. JPMorgan Chase & Co. cut their target price on United States Steel from $47.00 to $43.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Jefferies Financial Group assumed coverage on United States Steel in a report on Monday, May 20th. They set a buy rating and a $45.00 price target on the stock. Morgan Stanley raised United States Steel from an equal weight rating to an overweight rating and lowered their price target for the company from $51.00 to $48.00 in a report on Monday, May 6th. Wolfe Research raised United States Steel from a peer perform rating to an outperform rating and set a $46.00 price target on the stock in a report on Tuesday, April 9th. Finally, StockNews.com assumed coverage on United States Steel in a report on Sunday. They set a hold rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, United States Steel presently has an average rating of Hold and an average target price of $38.78.
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.