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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" X shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in X, but not buy additional shares or sell existing shares.
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9 brokerages have issued twelve-month price targets for United States Steel's shares. Their X share price targets range from $25.00 to $52.00. On average, they predict the company's share price to reach $37.89 in the next year. This suggests that the stock has a possible downside of 2.6%.
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United States Steel's stock was trading at $48.65 on January 1st, 2024. Since then, X stock has decreased by 20.0% and is now trading at $38.91.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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United States Steel Co. (NYSE:X) issued its earnings results on Friday, February, 2nd. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.46. The basic materials company earned $4.14 billion during the quarter, compared to analyst estimates of $3.73 billion. United States Steel had a trailing twelve-month return on equity of 10.80% and a net margin of 4.96%. The firm's revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS.

United States Steel announced a quarterly dividend on Thursday, February 1st. Shareholders of record on Monday, February 12th will be paid a dividend of $0.05 per share on Wednesday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 9th.
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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 0.50%. The dividend payout ratio is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 5.68% 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 IQ Merger Arbitrage ETF (MNA), VanEck Steel ETF (SLX), First Trust Materials AlphaDEX Fund (FXZ), First Trust Merger Arbitrage ETF (MARB), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metals & Mining Bull 2X Shares (MNM), Invesco S&P MidCap 400 Pure Value ETF (RFV) and ProShares Merger ETF (MRGR).

United States Steel announced that its Board of Directors has authorized a share buyback program on Thursday, July 28th 2022, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

United States Steel updated its first quarter 2024 earnings guidance on Monday, March, 18th. The company provided EPS guidance of 0.820-0.820 for the period, compared to the consensus EPS estimate of 0.890. 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 many different retail and institutional investors. Top institutional shareholders include Cannon Global Investment Management LLC (0.02%), Syquant Capital Sas (0.02%), Alaska Permanent Fund Corp (0.02%), Atlas Capital Advisors LLC (0.00%), International Assets Investment Management LLC (0.00%) and Diversified Trust Co (0.00%). 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 and Scott D Buckiso.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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