United States Steel Co. (X) To Go Ex-Dividend on November 8th

United States Steel Co. (NYSE:X) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.05 per share by the basic materials company on Wednesday, December 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, November 8th.

United States Steel has raised its dividend payment by an average of 71.0% annually over the last three years. United States Steel has a payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect United States Steel to earn $2.55 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.8%.

United States Steel Trading Up 2.1 %

X opened at $39.08 on Wednesday. United States Steel has a twelve month low of $26.92 and a twelve month high of $50.20. The firm has a market cap of $8.80 billion, a PE ratio of 25.71 and a beta of 1.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67. The firm’s fifty day moving average is $36.55 and its two-hundred day moving average is $37.68.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. United States Steel’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. Equities research analysts anticipate that United States Steel will post 2.17 EPS for the current year.

Analysts Set New Price Targets

X has been the topic of a number of analyst reports. BNP Paribas upgraded United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Friday, September 6th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a research note on Monday, September 9th. Morgan Stanley increased their price objective on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. BMO Capital Markets decreased their price target on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $42.00 in a report on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, United States Steel has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

United States Steel Company Profile

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.