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

United States Steel (NYSE:X) will issue its quarterly earnings data 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 quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.46. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The company’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. 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 debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. United States Steel has a 52 week low of $20.40 and a 52 week high of $50.20. The firm has a market cap of $8.23 billion, a PE ratio of 10.43 and a beta of 2.00. The firm’s fifty day moving average is $42.78 and its 200-day moving average is $41.33.

United States Steel Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.