United States Steel Stock Price, News & Analysis (NYSE:X)

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" X shares.
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11 analysts have issued twelve-month price targets for United States Steel's shares. Their X share price targets range from $19.00 to $40.00. On average, they anticipate the company's share price to reach $28.10 in the next twelve months. This suggests that the stock has a possible downside of 22.4%.
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United States Steel's stock was trading at $25.05 at the beginning of 2023. Since then, X shares have increased by 44.6% and is now trading at $36.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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United States Steel Co. (NYSE:X) posted its quarterly earnings data on Thursday, October, 26th. The basic materials company reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.25. The basic materials company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.39 billion. United States Steel had a trailing twelve-month return on equity of 11.67% and a net margin of 6.30%.

United States Steel announced a quarterly dividend on Thursday, October 26th. Investors of record on Monday, November 6th will be paid a dividend of $0.05 per share on Thursday, December 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, November 3rd.
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United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.55%. The dividend payout ratio is 4.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 10.42% next year. This indicates that the company will be able to sustain or increase its dividend.
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ETFs with the largest weight of United States Steel (NYSE:X) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), SPDR S&P Metals & Mining ETF (XME), VanEck Steel ETF (SLX), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Euclidean Fundamental Value ETF (ECML) and Invesco S&P MidCap 400 Revenue ETF (RWK).

United States Steel declared that its Board of Directors has approved a share buyback plan on Thursday, July 28th 2022, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

United States Steel updated its third quarter 2023 earnings guidance on Monday, September, 18th. The company provided earnings per share guidance of $1.10-$1.15 for the period, compared to the consensus earnings per share estimate of $1.01. The company issued revenue guidance of -.

116 employees have rated United States Steel Chief Executive Officer David Burritt on Glassdoor.com. David Burritt has an approval rating of 41% among the company's employees. This puts David Burritt in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 45.0% of employees surveyed would recommend working at United States Steel to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other United States Steel investors own include NVIDIA (NVDA), Bank of America (BAC), Netflix (NFLX), Alibaba Group (BABA), Micron Technology (MU), Tesla (TSLA), Ford Motor (F), Advanced Micro Devices (AMD), General Electric (GE) and AK Steel (AKS).

United States Steel's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Third Point LLC (2.13%), KGH Ltd (2.01%), UBS Group AG (0.00%), Charles Schwab Investment Management Inc. (1.08%), Bank of New York Mellon Corp (1.05%) and AQR Capital Management LLC (0.90%). Insiders that own company stock include Alicia J Davis, Andrea J Ayers, Christine S Breves, Daniel R Brown, David B Burritt, Duane D Holloway, James E Bruno, Kenneth E Jaycox, Manpreet Grewal, Richard Fruehauf, Scott D Buckiso and Tracy A Atkinson.
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Shares of X stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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