United States Steel (NYSE:X) Issues Quarterly Earnings Results, Misses Expectations By $0.38 EPS

United States Steel (NYSE:X) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.38), Zacks reports. United States Steel had a return on equity of 6.01% and a net margin of 2.41%.

United States Steel Price Performance

Shares of NYSE:X traded down $0.06 during midday trading on Thursday, reaching $36.48. 3,426,894 shares of the company were exchanged, compared to its average volume of 8,293,761. The stock has a market cap of $8.21 billion, a PE ratio of 24.00 and a beta of 1.88. The business’s fifty day moving average is $35.37 and its two-hundred day moving average is $37.05. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. United States Steel has a one year low of $26.92 and a one year high of $48.40.

Analyst Ratings Changes

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