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.