United States Steel (NYSE:X – Get Free Report) released its earnings results on Thursday. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12, Briefing.com reports. United States Steel had a net margin of 3.40% and a return on equity of 7.98%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. United States Steel’s revenue was down 17.8% compared to the same quarter last year.
United States Steel Stock Down 0.9 %
Shares of NYSE X traded down $0.37 during trading on Friday, reaching $40.29. 3,042,898 shares of the stock were exchanged, compared to its average volume of 2,476,965. The business’s 50-day moving average price is $38.25 and its 200 day moving average price is $40.95. United States Steel has a twelve month low of $22.26 and a twelve month high of $50.20. The company has a quick ratio of 1.14, a current ratio of 1.71 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 11.82 and a beta of 1.93.
United States Steel Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. United States Steel’s payout ratio is currently 5.87%.
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About United States Steel
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.
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