United States Steel (X) to Release Earnings on Thursday

United States Steel (NYSE:X - Get Free Report) is set 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 - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The business's revenue was down 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. 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 Down 0.0 %

United States Steel stock traded down $0.01 during trading hours on Thursday, hitting $39.50. The company had a trading volume of 2,552,487 shares, compared to its average volume of 4,375,165. The firm has a market capitalization of $8.89 billion, a P/E ratio of 17.63 and a beta of 1.87. The firm's fifty day moving average is $36.51 and its 200-day moving average is $37.82. United States Steel has a fifty-two week low of $26.92 and a fifty-two week high of $50.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel's payout ratio is 8.93%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on X shares. BMO Capital Markets upgraded shares of United States Steel from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $43.00 to $45.00 in a report on Wednesday, June 26th. 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 report on Friday, September 6th. StockNews.com started coverage on United States Steel in a research report on Monday, August 19th. They set a "hold" rating on the stock. Morgan Stanley lifted their price objective 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. Finally, Jefferies Financial Group reduced their price objective on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, United States Steel has an average rating of "Moderate Buy" and a consensus target price 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.