United States Steel (NYSE:X) Posts Earnings Results, Misses Expectations By $0.38 EPS

United States Steel (NYSE:X - Get Free Report) issued its quarterly earnings results on Thursday. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.38), Zacks reports. United States Steel had a return on equity of 6.01% and a net margin of 2.41%.

United States Steel Stock Performance

Shares of X stock traded down $0.06 during trading hours on Thursday, reaching $36.48. The stock had a trading volume of 3,426,894 shares, compared to its average volume of 8,293,761. The firm has a market capitalization of $8.21 billion, a PE ratio of 24.00 and a beta of 1.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. United States Steel has a twelve month low of $26.92 and a twelve month high of $48.40. The firm has a 50-day simple moving average of $35.37 and a 200-day simple moving average of $37.05.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America began coverage on United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. BMO Capital Markets cut their price target on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, December 20th. Jefferies Financial Group reduced their price target on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price objective on United States Steel from $44.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $41.07.

United States Steel Company Profile

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.

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