United States Steel (X) Stock Price, News & Analysis

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" X shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in X, but not buy additional shares or sell existing shares.
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9 brokers have issued twelve-month price targets for United States Steel's shares. Their X share price targets range from $25.00 to $52.00. On average, they anticipate the company's share price to reach $37.89 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
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United States Steel's stock was trading at $48.65 at the beginning of the year. Since then, X stock has decreased by 19.6% and is now trading at $39.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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United States Steel Co. (NYSE:X) released its earnings results on Friday, February, 2nd. The basic materials company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.46. The basic materials company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.73 billion. United States Steel had a trailing twelve-month return on equity of 10.80% and a net margin of 4.96%. The company's revenue was down 4.5% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS.

United States Steel declared a quarterly dividend on Thursday, February 1st. Investors of record on Monday, February 12th will be paid a dividend of $0.05 per share on Wednesday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, February 9th.
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United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.49%. The dividend payout ratio is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 5.65% next year. This indicates that the company will be able to sustain or increase its dividend.
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ETFs with the largest weight of United States Steel (NYSE:X) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), VanEck Steel ETF (SLX), First Trust Materials AlphaDEX Fund (FXZ), First Trust Merger Arbitrage ETF (MARB), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Invesco S&P MidCap 400 Pure Value ETF (RFV) and ProShares Merger ETF (MRGR).

United States Steel declared that its board has authorized a stock repurchase program on Thursday, July 28th 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

United States Steel updated its first quarter 2024 earnings guidance on Monday, March, 18th. The company provided EPS guidance of 0.820-0.820 for the period, compared to the consensus EPS estimate of 0.890. The company issued revenue guidance of -.

116 employees have rated United States Steel Chief Executive Officer David Burritt on Glassdoor.com. David Burritt has an approval rating of 41% among the company's employees. This puts David Burritt in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 45.0% of employees surveyed would recommend working at United States Steel to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other United States Steel investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), Tesla (TSLA), Ford Motor (F), Advanced Micro Devices (AMD), General Electric (GE) and AK Steel (AKS).

United States Steel's stock is owned by a variety of retail and institutional investors. Top institutional investors include Cannon Global Investment Management LLC (0.02%), Syquant Capital Sas (0.02%), Alaska Permanent Fund Corp (0.02%), Atlas Capital Advisors LLC (0.00%), International Assets Investment Management LLC (0.00%) and Range Financial Group LLC (0.00%). Insiders that own company stock include Alicia J Davis, Andrea J Ayers, Christine S Breves, Daniel R Brown, David B Burritt, Duane D Holloway, James E Bruno, Kenneth E Jaycox, Manpreet Grewal, Richard Fruehauf and Scott D Buckiso.
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Shares of X stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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