United States Steel (NYSE:X) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

United States Steel (NYSE:X) issued its quarterly earnings results on Thursday. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15, Briefing.com reports. United States Steel had a net margin of 2.41% and a return on equity of 6.06%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company posted $1.36 EPS. United States Steel’s quarterly revenue was down 13.0% compared to the same quarter last year.

United States Steel Trading Down 0.6 %

NYSE:X traded down $0.22 during trading hours on Friday, reaching $38.63. 6,798,935 shares of the stock were exchanged, compared to its average volume of 2,377,362. United States Steel has a twelve month low of $26.92 and a twelve month high of $50.20. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $36.52 and a two-hundred day moving average of $37.68. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 25.41 and a beta of 1.86.

United States Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel’s dividend payout ratio is presently 13.16%.

Analyst Upgrades and Downgrades

X has been the topic of several research reports. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Friday, September 6th. Morgan Stanley lifted their target price on shares of United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and increased their target price for the company from $40.00 to $42.00 in a research report on Monday, September 9th. Jefferies Financial Group lowered their price target on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.80.

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.