United States Steel - X Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 3 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities 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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5 brokerages have issued 1 year target prices for United States Steel's stock. Their X share price forecasts range from $18.00 to $37.00. On average, they expect the company's share price to reach $24.88 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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United States Steel's stock was trading at $23.81 at the beginning of the year. Since then, X shares have increased by 8.1% and is now trading at $25.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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United States Steel Co. (NYSE:X) posted its quarterly earnings results on Friday, October, 28th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.02. The basic materials company earned $5.20 billion during the quarter, compared to analysts' expectations of $4.99 billion. United States Steel had a trailing twelve-month return on equity of 35.74% and a net margin of 15.30%. United States Steel's revenue was down 12.8% compared to the same quarter last year. During the same period last year, the firm posted $5.36 EPS.

United States Steel declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Monday, November 7th will be paid a dividend of $0.05 per share on Thursday, December 8th. This represents a $0.20 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, November 4th.
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 0.78%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 1.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 14.29% 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 has initiated a share buyback program on Thursday, July 28th 2022, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

United States Steel issued an update on its third quarter 2022 earnings guidance on Thursday, October, 20th. The company provided earnings per share guidance of $1.90-$1.95 for the period, compared to the consensus EPS estimate of $1.90. 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.93%), Dimensional Fund Advisors LP (4.60%), Citadel Advisors LLC (0.00%), UBS Group AG (0.00%), Two Sigma Advisers LP (1.66%) and First Trust Advisors LP (1.66%). Insiders that own company stock include Christine S Breves, David B Burritt, Duane D Holloway, James E Bruno, Manpreet Grewal, 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 $25.75.

United States Steel (NYSE:X) has a market capitalization of $6.03 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 $12.04 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.