United States Steel (NYSE:X) Issues Q3 2024 Earnings Guidance

United States Steel (NYSE:X) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.440-0.480 for the period, compared to the consensus EPS estimate of 0.390. The company issued revenue guidance of -. United States Steel also updated its Q3 guidance to $0.44-0.48 EPS.

United States Steel Trading Up 3.5 %

Shares of NYSE:X opened at $38.07 on Friday. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 11.16 and a beta of 1.88. United States Steel has a 1-year low of $26.92 and a 1-year high of $50.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.72. The company has a 50 day moving average price of $38.09 and a 200 day moving average price of $38.76.

United States Steel (NYSE:X) last issued its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period last year, the firm posted $1.92 earnings per share. On average, research analysts anticipate that United States Steel will post 2.15 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s payout ratio is 5.87%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BNP Paribas raised shares of United States Steel from a neutral rating to an outperform rating and set a $40.00 price objective for the company in a research note on Friday, September 6th. Morgan Stanley raised their price objective on shares of United States Steel from $48.00 to $49.00 and gave the stock an overweight rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. raised shares of United States Steel from a neutral rating to an overweight rating and lifted their target price for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Glj Research raised shares of United States Steel from a sell rating to a buy rating and set a $38.57 target price for the company in a research note on Monday, September 9th. Finally, StockNews.com started coverage on shares of United States Steel in a research note on Monday, August 19th. They set a hold rating for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, United States Steel currently has an average rating of Moderate Buy and a consensus target price of $39.76.

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.