United States Steel (X) Expected to Announce Earnings on Thursday

United States Steel (NYSE:X) is expected to release its earnings data 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 posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s revenue was down 13.0% compared to the same quarter last year. 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 1.3 %

Shares of X stock opened at $36.33 on Wednesday. The company has a 50 day simple moving average of $35.46 and a two-hundred day simple moving average of $37.08. The stock has a market cap of $8.18 billion, a P/E ratio of 23.90 and a beta of 1.88. United States Steel has a 12 month low of $26.92 and a 12 month high of $48.41. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. United States Steel’s dividend payout ratio is currently 13.16%.

Analyst Ratings Changes

A number of analysts have commented on the company. Jefferies Financial Group reduced their price target on United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Bank of America assumed coverage on shares of United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, BMO Capital Markets reduced their price objective on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Two 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 stock currently has a consensus rating of “Moderate Buy” and an average target price 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.