United States Steel (X) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last twelve months. There are currently 3 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" X shares.
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7 analysts have issued 1 year price targets for United States Steel's stock. Their X share price forecasts range from $19.00 to $26.00. On average, they anticipate the company's share price to reach $24.29 in the next year. This suggests that the stock has a possible downside of 22.7%.
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United States Steel's stock was trading at $25.05 at the start of the year. Since then, X stock has increased by 25.4% and is now trading at $31.42.
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United States Steel saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 12,830,000 shares, a drop of 42.6% from the August 15th total of 22,340,000 shares. Based on an average daily volume of 9,810,000 shares, the short-interest ratio is presently 1.3 days. Approximately 5.8% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our X earnings forecast.

United States Steel Co. (NYSE:X) posted its quarterly earnings data on Friday, July, 28th. The basic materials company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.06. The basic materials company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $5.11 billion. United States Steel had a trailing twelve-month return on equity of 13.51% and a net margin of 7.05%. The company's revenue for the quarter was down 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.86 EPS.

United States Steel announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.05 per share on Thursday, September 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for X.

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 (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.66%. The dividend payout ratio is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 12.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for X.

United States Steel announced that its board has approved a share repurchase plan on Thursday, July 28th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

United States Steel updated its third quarter 2023 earnings guidance on Monday, September, 18th. The company provided EPS guidance of $1.10-$1.15 for the period, compared to the consensus 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "X."

United States Steel's stock is owned by a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.72%), Marshall Wace LLP (2.75%), Citadel Advisors LLC (0.00%), KGH Ltd (1.87%), Donald Smith & CO. Inc. (1.73%) and Geode Capital Management LLC (1.51%). Insiders that own company stock include Alicia J Davis, Andrea J Ayers, Christine S Breves, 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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One share of X stock can currently be purchased for approximately $31.42.

United States Steel (NYSE:X) has a market capitalization of $7.01 billion and generates $21.07 billion in revenue each year. The basic materials company earns $2.52 billion in net income (profit) each year or $5.20 on an earnings per share basis.

The company employs 22,740 workers across the globe.

United States Steel's mailing address is 600 GRANT STREET, PITTSBURGH PA, 15219. The official website for the company is www.ussteel.com. The basic materials company can be reached via phone at (412) 433-1121, via email at klewis@uss.com, or via fax at 302-674-5266.