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

United States Steel (NYSE:X - Get Free Report) released its quarterly earnings data on Thursday. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.04), Briefing.com reports. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. United States Steel's revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share.

United States Steel Stock Down 2.6 %

Shares of X stock traded down $1.15 during trading on Monday, reaching $42.90. The company's stock had a trading volume of 3,893,312 shares, compared to its average volume of 5,522,513. United States Steel has a 1-year low of $26.92 and a 1-year high of $46.18. The stock's 50-day moving average price is $41.10 and its 200 day moving average price is $38.34. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 28.79, a P/E/G ratio of 1.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. United States Steel's dividend payout ratio is presently 13.42%.

Analysts Set New Price Targets

X has been the topic of a number of recent analyst reports. Bank of America initiated coverage on United States Steel in a report on Monday, January 6th. They issued a "neutral" rating and a $35.00 price objective on the stock. Morgan Stanley increased their price target on United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday. Jefferies Financial Group reduced their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. 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. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $38.00 price target (down from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, United States Steel has a consensus rating of "Hold" and a consensus target price 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.