United States Steel - X Stock Forecast, Price & News

7 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, 3 hold ratings and 1 buy rating 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.
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7 analysts have issued twelve-month target prices for United States Steel's shares. Their X share price forecasts range from $23.00 to $37.00. On average, they predict the company's stock price to reach $29.29 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
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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 1.8% and is now trading at $25.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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United States Steel Co. (NYSE:X) released its quarterly earnings data on Friday, February, 3rd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.27. The basic materials company earned $4.34 billion during the quarter, compared to analysts' expectations of $4.01 billion. United States Steel had a net margin of 11.98% and a trailing twelve-month return on equity of 26.75%. The company's revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter last year, the business earned $3.64 earnings per share.

United States Steel declared a quarterly dividend on Thursday, February 2nd. Shareholders of record on Monday, February 13th will be given a dividend of $0.05 per share on Tuesday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, February 10th.
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), VanEck Steel ETF (SLX), SPDR S&P Metals & Mining ETF (XME), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco S&P MidCap 400 Pure Value ETF (RFV), The Acquirers Fund (ZIG), Invesco DWA Basic Materials Momentum ETF (PYZ) and First Trust Dorsey Wright Momentum & Value ETF (DVLU).

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.80%. The dividend payout ratio is 2.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 13.25% 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 declared that its board has authorized a share buyback plan on Thursday, July 28th 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 8.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

United States Steel issued an update on its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share (EPS) guidance of $0.58-$0.63 for the period, compared to the consensus EPS estimate of $0.41. 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 (4.12%), Susquehanna International Group LLP (0.00%), Lombard Odier Asset Management USA Corp (0.00%), UBS Group AG (0.00%), Two Sigma Advisers LP (1.98%) and Donald Smith & CO. Inc. (1.57%). Insiders that own company stock include 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 $25.50.

United States Steel (NYSE:X) has a market capitalization of $5.79 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 $8.97 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.