United States Steel (NYSE:X) Announces Quarterly Earnings Results

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

United States Steel Stock Performance

NYSE:X traded down $0.22 during mid-day trading on Friday, reaching $38.63. The company's stock had a trading volume of 6,798,935 shares, compared to its average volume of 2,377,362. The firm's fifty day moving average price is $36.52 and its two-hundred day moving average price is $37.68. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.69 billion, a P/E ratio of 25.41 and a beta of 1.86. United States Steel has a 12-month low of $26.92 and a 12-month high of $50.20.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th will be issued a $0.05 dividend. 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 payout ratio is 13.16%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on X. Jefferies Financial Group cut their target price on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Morgan Stanley boosted their target price on United States Steel from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. BNP Paribas upgraded shares of United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Friday, September 6th. JPMorgan Chase & Co. raised shares of United States Steel from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Finally, BMO Capital Markets reduced their target price on shares of United States Steel from $45.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.80.

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.