United States Steel (NYSE:X) Updates Q4 2024 Earnings Guidance

United States Steel (NYSE:X) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of -0.290–0.250 for the period, compared to the consensus earnings per share estimate of 0.240. The company issued revenue guidance of -.

United States Steel Stock Down 5.0 %

X traded down $1.58 during trading on Friday, hitting $30.14. The company had a trading volume of 11,082,981 shares, compared to its average volume of 4,617,460. The company has a market cap of $6.79 billion, a PE ratio of 19.83 and a beta of 1.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. United States Steel has a 1-year low of $26.92 and a 1-year high of $48.95. The business has a 50-day moving average of $38.01 and a 200-day moving average of $37.79.

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

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. United States Steel’s dividend payout ratio is currently 13.16%.

Wall Street Analyst Weigh In

Several brokerages have commented on X. BMO Capital Markets dropped their price target on shares of United States Steel from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday. Glj Research raised 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. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Friday, September 6th. JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and raised their price target for the company from $40.00 to $42.00 in a report on Monday, September 9th. Finally, Jefferies Financial Group reduced their price objective on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.37.

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.