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

United States Steel (NYSE:X) announced its earnings results on Thursday. The basic materials company reported ($0.18) 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 Stock Performance

NYSE:X traded down $0.06 during mid-day trading on Thursday, reaching $36.48. 3,424,360 shares of the company’s stock were exchanged, compared to its average volume of 8,293,761. United States Steel has a one year low of $26.92 and a one year high of $48.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The business’s fifty day simple moving average is $35.37 and its two-hundred day simple moving average is $37.05. The firm has a market capitalization of $8.21 billion, a PE ratio of 24.00 and a beta of 1.88.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on X shares. Jefferies Financial Group decreased their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. BMO Capital Markets reduced their price target 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. JPMorgan Chase & Co. reduced 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. Finally, Bank of America assumed coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.07.

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.