United States Steel (NYSE:X – Get Free Report) announced its quarterly earnings data on Thursday. The basic materials company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12, Briefing.com reports. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. United States Steel had a return on equity of 7.98% and a net margin of 3.40%. The company’s revenue was down 17.8% on a year-over-year basis. During the same period last year, the company earned $1.92 earnings per share.
United States Steel Stock Performance
NYSE X traded down $0.37 on Friday, reaching $40.29. The stock had a trading volume of 3,042,898 shares, compared to its average volume of 2,476,965. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14. The firm has a fifty day moving average of $38.25 and a two-hundred day moving average of $40.95. United States Steel has a 1-year low of $22.26 and a 1-year high of $50.20. The company has a market cap of $9.06 billion, a P/E ratio of 11.82 and a beta of 1.93.
United States Steel Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Monday, August 12th. United States Steel’s dividend payout ratio is 5.87%.
Wall Street Analyst Weigh In
X has been the subject of several analyst reports. Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Tuesday, April 9th. BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $45.00 in a report on Wednesday, June 26th. StockNews.com started coverage on United States Steel in a report on Saturday. They set a “hold” rating on the stock. Morgan Stanley upgraded United States Steel from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $51.00 to $48.00 in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. cut their price objective on United States Steel from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.00.
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.