United States Steel (X) Expected to Announce Earnings on Thursday

United States Steel (NYSE:X) is expected to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect United States Steel to post earnings of $0.20 per share and revenue of $3.64 billion for the quarter.

United States Steel (NYSE:X) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the company posted $1.36 EPS. United States Steel’s quarterly revenue was down 13.0% compared to the same quarter last year. On average, analysts expect United States Steel to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

United States Steel Price Performance

NYSE X traded down $0.33 on Tuesday, reaching $36.50. 4,144,912 shares of the company’s stock traded hands, compared to its average volume of 8,687,431. The stock has a market cap of $8.22 billion, a PE ratio of 24.01 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 12 month low of $26.92 and a 12 month high of $48.41. The stock has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $37.09.

United States Steel Announces Dividend

The firm also recently announced 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 dividend yield of 0.55%. The ex-dividend date was Friday, November 8th. United States Steel’s dividend payout ratio is currently 13.16%.

Analysts Set New Price Targets

Several research firms have issued reports on X. 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 research report on Friday, December 20th. Bank of America started coverage on United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 target price for the company. JPMorgan Chase & Co. decreased their price target on United States Steel from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Jefferies Financial Group dropped their price objective on 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, United States Steel has an average rating of “Moderate Buy” and an average price target of $41.07.

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.