United States Steel (NYSE:X) Issues Q3 Earnings Guidance

United States Steel (NYSE:X) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.44-0.48 for the period, compared to the consensus EPS estimate of $0.35.

United States Steel Stock Performance

NYSE:X opened at $36.80 on Thursday. United States Steel has a 1-year low of $26.92 and a 1-year high of $50.20. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 10.79 and a beta of 1.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14. The firm’s fifty day moving average price is $38.11 and its 200 day moving average price is $38.76.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the business posted $1.92 earnings per share. United States Steel’s revenue was down 17.8% compared to the same quarter last year. On average, sell-side analysts expect that United States Steel will post 2.15 EPS for the current year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. United States Steel’s dividend payout ratio (DPR) is 5.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Jefferies Financial Group dropped their target price on 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. BNP Paribas raised United States Steel from a neutral rating to an outperform rating and set a $40.00 price target on the stock in a report on Friday, September 6th. BMO Capital Markets upgraded 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 note on Wednesday, June 26th. Morgan Stanley boosted their price target on shares of United States Steel from $48.00 to $49.00 and gave the stock an overweight rating in a research report on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised United States Steel from a neutral rating to an overweight rating and raised their target price for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, United States Steel currently has a consensus rating of Moderate Buy and a consensus target price of $39.76.

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.