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United States Steel - X Stock Forecast, Price & News

$23.20
-0.47 (-1.99%)
(As of 08/19/2022 12:34 PM ET)
Add
Compare
Today's Range
$22.87
$23.35
50-Day Range
$17.02
$25.25
52-Week Range
$16.41
$39.25
Volume
181,782 shs
Average Volume
10.34 million shs
Market Capitalization
$5.50 billion
P/E Ratio
1.35
Dividend Yield
0.86%
Price Target
$29.05

United States Steel MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
26.6% Upside
$29.05 Price Target
Short Interest
Healthy
20.35% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.31
Upright™ Environmental Score
News Sentiment
0.90mentions of United States Steel in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-75.60%
From $9.92 to $2.42 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Basic Materials Sector

102nd out of 169 stocks

Blast Furnaces & Steel Mills Industry

8th out of 12 stocks

X stock logo

About United States Steel (NYSE:X) Stock

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. The Mini Mill segment provides hot-rolled, cold-rolled, and coated sheets and electrical products. This segment serves customers in the automotive, appliance, construction, container, transportation, and service center markets. The USSE segment provides slabs, strip mill plates, sheets, tin mill products, and spiral welded pipes. This segment serves customers in the construction, container, appliance and electrical, service center, conversion, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products, as well as standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also engages in the real estate business. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

United States Steel Trading Down 2.1 %

Shares of United States Steel stock traded down $0.49 during trading on Friday, reaching $23.18. 19,304 shares of the company were exchanged, compared to its average volume of 10,335,900. The company has a quick ratio of 1.32, a current ratio of 1.98 and a debt-to-equity ratio of 0.38. United States Steel has a twelve month low of $16.41 and a twelve month high of $39.25. The business has a 50-day moving average price of $20.57 and a 200-day moving average price of $26.35. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 1.38 and a beta of 2.16.

United States Steel (NYSE:X - Get Rating) last posted its earnings results on Thursday, July 28th. The basic materials company reported $3.86 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.01. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $5.82 billion. United States Steel had a return on equity of 49.21% and a net margin of 21.59%. The company's revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.37 earnings per share. Sell-side analysts anticipate that United States Steel will post 9.92 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Monday, August 8th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. United States Steel's dividend payout ratio (DPR) is 1.17%.

Analysts Set New Price Targets

A number of brokerages have commented on X. BMO Capital Markets reduced their price objective on United States Steel from $30.00 to $23.00 in a research report on Friday, June 17th. Credit Suisse Group cut their target price on United States Steel from $49.00 to $44.00 and set an "outperform" rating for the company in a research report on Friday, June 17th. StockNews.com downgraded United States Steel from a "buy" rating to a "hold" rating in a research report on Friday, July 29th. JPMorgan Chase & Co. cut their target price on United States Steel from $34.00 to $28.00 and set an "underweight" rating for the company in a research report on Tuesday, June 14th. Finally, Morgan Stanley raised their target price on United States Steel from $20.00 to $21.50 and gave the stock an "equal weight" rating in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $29.05.

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X Stock News Headlines

3 Low Priced Stocks With Good Growth Prospects (X)
These three low priced stocks have such solid long-term growth expectations—and valuations that are becoming hard to ignore.
U.S. Steel Strives to Adapt to Modern World's Demands
U.S. Steel, Shell in clean energy collaboration
The Market Has Spoken (And I'm Listening)
Fight the Rally, or Fight the Fed?
United States Steel (NYSE:X) Price Target Raised to $21.50
United States Steel (NYSE:X) Downgraded by StockNews.com
Amazon, Apple and More Stocks to Watch Friday
New Strong Buy Stocks for July 11th
See More Headlines
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X Company Calendar

Ex-Dividend for 6/8 Dividend
5/06/2022
Dividend Payable
6/08/2022
Last Earnings
7/28/2022
Ex-Dividend for 9/8 Dividend
8/05/2022
Today
8/19/2022
Dividend Payable
9/08/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
91290910
Employees
24,540
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.05
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$21.50
Forecasted Upside/Downside
+25.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
8 Analysts

Profitability

Net Income
$4.17 billion
Pretax Margin
24.81%

Debt

Sales & Book Value

Annual Sales
$20.28 billion
Cash Flow
$16.81 per share
Book Value
$43.38 per share

Miscellaneous

Free Float
234,380,000
Market Cap
$5.50 billion
Optionable
Optionable
Beta
2.16

Key Executives

  • Mr. David Boyd BurrittMr. David Boyd Burritt (Age 67)
    Pres, CEO & Director
    Comp: $6.33M
  • Ms. Christine S. Breves C.P.M.Ms. Christine S. Breves C.P.M. (Age 66)
    Exec. VP of Bus. Transformation & CFO
    Comp: $2.56M
  • Mr. Duane D. HollowayMr. Duane D. Holloway (Age 49)
    Sr. VP, Gen. Counsel, Chief Ethics & Compliance Officer
    Comp: $1.9M
  • Mr. James E. BrunoMr. James E. Bruno (Age 56)
    Sr. VP of European Solutions & Pres of U. S. Steel Košice
    Comp: $2.8M
  • Mr. Kenneth E. Jaycox Jr. (Age 54)
    Sr. VP & Chief Commercial Officer
    Comp: $1.85M
  • Mr. Manpreet S. GrewalMr. Manpreet S. Grewal (Age 43)
    VP, Controller & Chief Accounting Officer
  • Mr. Steve Bugajski
    Chief Information Officer
  • Mr. Kevin Lewis
    Gen. VP of Investor Relations and Corp. FP&A
  • Meghan Cox
    Mang. of Corp. Communications
  • Mr. John O. Ambler
    VP of Corp. Communications













X Stock - Frequently Asked Questions

Should I buy or sell United States Steel stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 3 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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.
View X analyst ratings
or view top-rated stocks.

What is United States Steel's stock price forecast for 2022?

8 equities research analysts have issued twelve-month target prices for United States Steel's stock. Their X share price forecasts range from $21.50 to $50.00. On average, they anticipate the company's stock price to reach $29.05 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price.
View analysts price targets for X
or view top-rated stocks among Wall Street analysts.

How have X shares performed in 2022?

United States Steel's stock was trading at $23.81 at the beginning of 2022. Since then, X shares have decreased by 0.6% and is now trading at $23.67.
View the best growth stocks for 2022 here
.

When is United States Steel's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our X earnings forecast
.

How were United States Steel's earnings last quarter?

United States Steel Co. (NYSE:X) announced its quarterly earnings data on Thursday, July, 28th. The basic materials company reported $3.86 EPS for the quarter, beating analysts' consensus estimates of $3.85 by $0.01. The basic materials company earned $6.29 billion during the quarter, compared to analysts' expectations of $5.82 billion. United States Steel had a net margin of 21.59% and a trailing twelve-month return on equity of 49.21%. United States Steel's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.37 earnings per share.

How often does United States Steel pay dividends? What is the dividend yield for United States Steel?

United States Steel declared a quarterly dividend on Saturday, July 30th. Shareholders of record on Monday, August 8th will be given a dividend of $0.05 per share on Thursday, September 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, August 5th.
Read our dividend analysis for X
.

Is United States Steel a good dividend stock?

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.86%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 1.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 8.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for X.

How will United States Steel's stock buyback program work?

United States Steel declared that its Board of Directors has authorized a share repurchase plan 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 plans are typically an indication that the company's board believes its shares are undervalued.

What guidance has United States Steel issued on next quarter's earnings?

United States Steel issued an update on its second quarter 2022 earnings guidance on Thursday, July, 14th. The company provided EPS guidance of $3.83-$3.88 for the period, compared to the consensus earnings per share estimate of $3.20. The company issued revenue guidance of -.

What is David Burritt's approval rating as United States Steel's CEO?

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.

What other stocks do shareholders of United States Steel own?

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).

What is United States Steel's stock symbol?

United States Steel trades on the New York Stock Exchange (NYSE) under the ticker symbol "X."

Who are United States Steel's major shareholders?

United States Steel's stock is owned by many different institutional and retail investors. Top institutional investors include AQR Capital Management LLC (1.36%), Donald Smith & CO. Inc. (1.08%), Thompson Siegel & Walmsley LLC (0.94%), Northern Trust Corp (0.79%), Twin Tree Management LP (0.00%) and Renaissance Technologies LLC (0.54%). Insiders that own company stock include Christine S Breves, David B Burritt, Duane D Holloway, James E Bruno, Manpreet Grewal, Michael H Mcgarry, Scott D Buckiso, Stephen J Girsky and Tracy A Atkinson.
View institutional ownership trends
.

How do I buy shares of United States Steel?

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.
Compare Top Brokerages Here.

What is United States Steel's stock price today?

One share of X stock can currently be purchased for approximately $23.67.

How much money does United States Steel make?

United States Steel (NYSE:X) has a market capitalization of $5.62 billion and generates $20.28 billion in revenue each year. The basic materials company earns $4.17 billion in net income (profit) each year or $17.16 on an earnings per share basis.

How many employees does United States Steel have?

The company employs 24,540 workers across the globe.

How can I contact United States Steel?

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.

This page (NYSE:X) was last updated on 8/19/2022 by MarketBeat.com Staff

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