United States Steel (NYSE:X) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.35) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.01.
Shares of NYSE X traded up $1.20 during midday trading on Friday, reaching $11.34. 32,901,758 shares of the company were exchanged, compared to its average volume of 16,675,717. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.59. United States Steel has a one year low of $9.93 and a one year high of $29.84. The stock has a market cap of $1.72 billion, a P/E ratio of 2.12, a PEG ratio of 13.28 and a beta of 3.04. The stock’s 50-day moving average price is $11.39 and its 200-day moving average price is $14.09.
United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. United States Steel had a net margin of 6.95% and a return on equity of 19.27%. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. United States Steel’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that United States Steel will post -0.1 EPS for the current year.
X has been the topic of several research reports. ValuEngine upgraded shares of United States Steel from a hold rating to a buy rating in a research report on Monday, October 7th. Macquarie cut shares of United States Steel from an outperform rating to an underperform rating and lowered their price objective for the company from $18.00 to $9.00 in a research report on Thursday, September 19th. Barclays initiated coverage on shares of United States Steel in a research report on Friday, September 6th. They set an overweight rating on the stock. Vertical Group upgraded shares of United States Steel from a sell rating to a buy rating in a research report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. cut shares of United States Steel from an overweight rating to a neutral rating and lowered their price objective for the company from $26.00 to $14.00 in a research report on Monday, September 23rd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $16.55.
About United States Steel
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.
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