United States Steel (X) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last twelve months. There are currently 3 sell ratings, 3 hold ratings 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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7 Wall Street research analysts have issued 12 month price targets for United States Steel's shares. Their X share price forecasts range from $19.00 to $37.00. On average, they predict the company's share price to reach $27.00 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
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United States Steel's stock was trading at $25.05 at the beginning of the year. Since then, X stock has decreased by 12.4% and is now trading at $21.95.
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United States Steel saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 20,380,000 shares, an increase of 21.1% from the April 30th total of 16,830,000 shares. Based on an average daily volume of 7,110,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 9.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our X earnings forecast.

United States Steel Co. (NYSE:X) posted its earnings results on Friday, April, 28th. The basic materials company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.61 by $0.16. The basic materials company earned $4.47 billion during the quarter, compared to analyst estimates of $4.25 billion. United States Steel had a trailing twelve-month return on equity of 19.66% and a net margin of 9.07%. United States Steel's revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.05 earnings per share.

United States Steel declared a quarterly dividend on Thursday, April 27th. Stockholders of record on Monday, May 8th will be paid a dividend of $0.05 per share on Wednesday, June 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, May 5th.
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), Aztlan Global Stock Selection DM SMID ETF (AZTD), Acquirers Fund ETF (ZIG), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco S&P MidCap 400 Pure Value ETF (RFV) and Invesco DWA Basic Materials Momentum ETF (PYZ).

United States Steel (NYSE:X) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.94%. The dividend payout ratio is 2.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, X will have a dividend payout ratio of 10.36% 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 approved a share repurchase program on Thursday, July 28th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors 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 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 shareholders include Dimensional Fund Advisors LP (4.30%), Slate Path Capital LP (2.09%), Two Sigma Advisers LP (1.94%), UBS Group AG (0.00%), Donald Smith & CO. Inc. (1.57%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Alicia J Davis, 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 $21.95.

United States Steel (NYSE:X) has a market capitalization of $4.97 billion and generates $20.30 billion in revenue each year. The basic materials company earns $2.52 billion in net income (profit) each year or $6.73 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.