United States Steel - X Stock Forecast, Price & News

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

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.

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.
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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.

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 -.

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 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.
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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 $23.67.

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.

The company employs 24,540 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.