The United States Steel Corporation is traded on the New York Stock Exchange using the ticker symbol NYSE: X. In a report that was published on Tuesday, December 20, the analysts at KeyCorp Research raised their projections for United States Steel’s earnings per share (EPS) for the fiscal year 2022. This was done in anticipation of the company’s upcoming earnings report. According to P. Gibbs, an analyst at KeyCorp, the earnings forecast for the basic materials company for this year has been revised upward, moving from $9.57 per share to $9.70 per share. This represents an increase from the previous earnings forecast. The current earnings forecast for the upcoming year at United States Steel comes out to $9.30 per share. Furthermore, KeyCorp expects United States Steel to earn $0.62 per share in the fourth quarter of 2022 and $2.05 per share for the entire fiscal year 2023.
There have been other brokerages in addition to those mentioned above that have commented on X. The publication of a research note on United States Steel by StockNews.com on October 12 marked the beginning of that website’s coverage of shares of that company. They recommended that shareholders “hold” their shares of the company. Credit Suisse Group decreased their target price for United States Steel from $44.00 to $37.00 in a research report issued on Friday, September 16. Despite this modification, the company maintained its rating of “outperform” for the stock. Citigroup stated that they had increased their price objective for United States Steel to $27.00 in a research report released on Tuesday, September 13. The report was published on the same day. Morgan Stanley raised their rating on United States Steel from “equal weight” to “overweight” in research published on Monday, and they increased their price objective for the company’s stock from $19.00 to $20.00. These changes were made in response to the company’s recent earnings report. The recommendation given by The Goldman Sachs Group regarding the stock of United States Steel was changed from a “hold” rating to a “sell” rating in a report that was published on Thursday, October 6. The last and most significant modification was made here. One analyst advises investors to purchase the stock, two analysts say investors should maintain their current holdings, and three analysts say investors should sell their shares. According to the information provided by the website Bloomberg.com, the current consensus target price for the company is $25.00, and the average recommendation for the stock is to “Hold” the stock.
On Friday, the initial trading of X shares took place for $26.06 per share. These three ratios should be considered reasonable: a current ratio of 2.03, a quick ratio of 1.37, and a debt-to-equity ratio of 0.37. The company’s market capitalization is currently sitting at $6.11 billion, its price-to-earnings ratio stands at 2.16, and its beta stands at 2.18. The moving averages for the past 50 days come in at $23.50 for the company, while the moving averages for the past 200 days come in at $21.89 for the company. The corporation hit an all-time low of $16.41 during the previous year while reaching an all-time high of $39.25 during that same period.
United States Steel (NYSE:X) announced the publication of its financial results for the third quarter on October 27, a Thursday. The company that deals in basic materials reported earnings per share for the quarter of $1.95, which was $0.03 higher than the estimate provided by the market, which was $1.92. The net margin of United States Steel was 15.30%, and the company’s return on equity was 35.74%, indicating that the company had a successful performance. The business generated $5.20 billion in revenue during the period under review, which is significantly higher than the $4.99 billion analysts anticipated it would earn during the period in question. The company generated earnings of $5.36 per share during the same period the year before. The decrease in the company’s revenue for the quarter was 12.8% when measured against the previous year’s performance during the same period.
A quarterly dividend was just recently declared and distributed by the company, and it was distributed on December 8. In addition, the company just recently announced and distributed a dividend. On Monday, November 7, stockholders who still possessed their shares were given a payout of $0.05 in the form of a dividend. This dividend was paid out to stockholders who still owned their shares. This past Friday, November 4, was the date customers were required to pay the dividend. This corresponds to a dividend payment of 0.20 cents and a yield of 0.77% when calculated annually. The dividend payout ratio (D.P.R.) for United States Steel has reached 1.66%.
Recently, institutional investors have altered how they have been keeping their shares of the company in their portfolios. During the second quarter, Rocky Mountain Advisers L.L.C. increased 80.0% in the proportion of United States Steel stock it owned. After purchasing an additional 800 shares during the most recent fiscal quarter, Rocky Mountain Advisers L.L.C. now has 1,800 shares of the stock held by the basic materials company. This brings the total number of shares owned by Rocky Mountain Advisers L.L.C. to 1. These shares are valued at approximately $32,000 as a whole. Avion Wealth increased its stake in United States Steel by making an additional $36,000 during the year’s second quarter. During the first three months of 2018, Fortitude Advisory Group, L.L.C. invested $38,000 in stock issued by United States Steel. During the second quarter of the fiscal year, Cullen Frost Bankers Inc. placed a $38,000 investment in United States Steel stock. This investment was made during the quarter. And finally, throughout the second quarter, Alpha Paradigm Partners L.L.C. added an extra $39,000 to its holdings in United States Steel. Institutional investors and hedge funds own 75.02 percent of the company’s shares.
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