United States Steel (X) to Release Quarterly Earnings on Thursday

United States Steel (NYSE:X) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. On average, analysts expect United States Steel to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

United States Steel Stock Up 1.5 %

NYSE X opened at $39.51 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. United States Steel has a 52 week low of $26.92 and a 52 week high of $50.20. The business’s fifty day simple moving average is $36.56 and its 200-day simple moving average is $37.80. The firm has a market cap of $8.88 billion, a PE ratio of 11.59 and a beta of 1.87.

United States Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were given a $0.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.20 annualized dividend and a yield of 0.51%. United States Steel’s payout ratio is 5.87%.

Analyst Upgrades and Downgrades

X has been the topic of a number of research reports. Morgan Stanley upped their price target on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Friday, September 6th. StockNews.com assumed coverage on shares of United States Steel in a report on Monday, August 19th. They issued a “hold” rating for the company. BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and raised their price target for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. Finally, Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a research report on Monday, September 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.62.

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.