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

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

Analyst Ratings Changes

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

United States Steel Price Performance

X opened at $41.07 on Friday. The business’s 50-day moving average is $37.75 and its two-hundred day moving average is $36.75. United States Steel has a 1 year low of $26.92 and a 1 year 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 firm has a market capitalization of $9.25 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86.

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

United States Steel Dividend Announcement

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

About United States Steel

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.