United States Steel (NYSE:X) Updates Q4 2024 Earnings Guidance

United States Steel (NYSE:X) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of -0.290–0.250 for the period, compared to the consensus estimate of 0.240. The company issued revenue guidance of -.

United States Steel Stock Down 5.0 %

X stock traded down $1.58 during trading on Friday, reaching $30.14. The stock had a trading volume of 11,082,981 shares, compared to its average volume of 4,617,460. United States Steel has a 1-year low of $26.92 and a 1-year high of $48.95. The firm has a fifty day moving average price of $38.01 and a 200 day moving average price of $37.79. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.79 billion, a P/E ratio of 19.83 and a beta of 1.83.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the business posted $1.36 earnings per share. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. On average, equities analysts anticipate that United States Steel will post 2.17 earnings per share for the current year.

United States Steel Dividend Announcement

The company also recently disclosed 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 0.66%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio is currently 13.16%.

Analyst Ratings Changes

Several brokerages recently issued reports on X. Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target for the company in a report on Monday, September 9th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Friday, September 6th. BMO Capital Markets lowered their target price on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $42.00 in a research note on Monday, September 9th. Finally, Jefferies Financial Group dropped their target price on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.37.

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.