United States Steel (NYSE:X – Get Free Report) released its quarterly earnings results on Thursday. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12, Briefing.com reports. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.98%. The company’s quarterly revenue was down 17.8% on a year-over-year basis. During the same period last year, the firm earned $1.92 earnings per share.
United States Steel Stock Performance
United States Steel stock traded down $0.37 during mid-day trading on Friday, reaching $40.29. 3,042,898 shares of the company traded hands, compared to its average volume of 2,476,965. United States Steel has a fifty-two week low of $22.26 and a fifty-two week high of $50.20. The firm’s fifty day moving average is $38.25 and its two-hundred day moving average is $40.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 11.82 and a beta of 1.93.
United States Steel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 12th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, August 12th. United States Steel’s payout ratio is currently 5.87%.
Analysts Set New Price Targets
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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.
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