United States Steel (X) Scheduled to Post Quarterly Earnings on Thursday

United States Steel (NYSE:X) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.71 per share for the quarter.

United States Steel (NYSE:X) last announced its earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. On average, analysts expect United States Steel to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

United States Steel Price Performance

Shares of NYSE:X opened at $36.60 on Thursday. The company has a 50-day simple moving average of $42.78 and a 200-day simple moving average of $41.33. United States Steel has a one year low of $20.40 and a one year high of $50.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 10.43 and a beta of 2.00.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.55%. United States Steel’s dividend payout ratio is currently 5.70%.

Analysts Set New Price Targets

X has been the subject of several analyst reports. Morgan Stanley cut shares of United States Steel from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $40.00 to $51.00 in a report on Thursday, February 15th. Wolfe Research upgraded shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 target price on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. began coverage on shares of United States Steel in a report on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price for the company. StockNews.com began coverage on shares of United States Steel in a report on Sunday. They issued a “hold” rating for the company. Finally, BMO Capital Markets dropped their target price on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a report on Tuesday, March 19th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.89.

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.