United States Steel (NYSE:X) Releases Q1 Earnings Guidance

United States Steel (NYSE:X - Get Free Report) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of (0.53)-($0.49) for the period, compared to the consensus EPS estimate of ($0.32).

Wall Street Analyst Weigh In

A number of analysts recently weighed in on X shares. Morgan Stanley upped their target price on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. BMO Capital Markets lifted their price objective on shares of United States Steel from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America assumed coverage on United States Steel in a research note on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target on the stock. Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.32.

United States Steel Stock Up 0.4 %

Shares of NYSE X traded up $0.16 during midday trading on Monday, hitting $41.06. The stock had a trading volume of 6,059,761 shares, compared to its average volume of 4,955,886. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The business's 50 day moving average is $37.88 and its 200-day moving average is $36.83. United States Steel has a 52 week low of $26.92 and a 52 week high of $43.35. The company has a market cap of $9.25 billion, a P/E ratio of 27.56, a PEG ratio of 1.53 and a beta of 1.86.

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United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, analysts predict that United States Steel will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel's dividend payout ratio is currently 13.42%.

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.