United States Steel (NYSE:X) Releases Earnings Results, Misses Expectations By $0.04 EPS

United States Steel (NYSE:X - Get Free Report) issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04), Briefing.com reports. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.54 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm's revenue was down 10.4% compared to the same quarter last year.

United States Steel Stock Up 2.1 %

NYSE:X traded up $0.85 during mid-day trading on Thursday, hitting $41.38. The company had a trading volume of 2,688,884 shares, compared to its average volume of 6,980,490. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel has a 1 year low of $26.92 and a 1 year high of $46.18. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.53 and a beta of 1.82. The business has a fifty day simple moving average of $41.17 and a 200-day simple moving average of $38.38.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, May 12th. United States Steel's payout ratio is currently 68.97%.

Analysts Set New Price Targets

A number of research analysts recently commented on X shares. BMO Capital Markets reaffirmed a "market perform" rating and issued a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Morgan Stanley boosted their price target on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $38.00 price target (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, United States Steel presently has a consensus rating of "Hold" and a consensus price target of $39.22.

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.