United States Steel (X) Projected to Post Earnings on Thursday

United States Steel (NYSE:X) is projected to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect United States Steel to post earnings of $0.20 per share and revenue of $3.64 billion for the quarter.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 earnings per share. On average, analysts expect United States Steel to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

United States Steel Stock Down 0.8 %

Shares of X stock traded down $0.28 during mid-day trading on Tuesday, hitting $36.54. 4,046,127 shares of the stock traded hands, compared to its average volume of 8,680,891. The stock has a market cap of $8.23 billion, a P/E ratio of 24.04 and a beta of 1.88. The stock’s fifty day moving average is $35.48 and its two-hundred day moving average is $37.09. United States Steel has a 52-week low of $26.92 and a 52-week high of $48.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s payout ratio is 13.16%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. BMO Capital Markets cut their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. Bank of America assumed coverage on shares of United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price objective on the stock. Finally, Jefferies Financial Group cut their price objective on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.07.

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.