United States Steel (NYSE:X) Updates Q4 Earnings Guidance

United States Steel (NYSE:X - Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $(0.29)-(0.25) for the period, compared to the consensus earnings per share estimate of $0.22.

United States Steel Stock Up 2.4 %

X stock traded up $0.74 during midday trading on Thursday, reaching $31.72. 6,048,621 shares of the company's stock traded hands, compared to its average volume of 4,590,782. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. The firm's fifty day moving average price is $38.01 and its 200-day moving average price is $37.79. United States Steel has a 52 week low of $26.92 and a 52 week high of $48.95. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 20.87 and a beta of 1.83.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The company's quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, sell-side analysts forecast that United States Steel will post 2.17 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel's dividend payout ratio (DPR) is presently 13.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on X shares. BMO Capital Markets cut their price target 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, November 1st. Glj Research raised shares of United States Steel from a "sell" rating to a "buy" rating and set a $38.57 target price for the company in a research report on Monday, September 9th. Jefferies Financial Group lowered their price target on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating on the stock in a 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 objective for the company in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. raised United States Steel from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, United States Steel presently 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.