United States Steel Co. (X) to Issue Dividend of $0.05 on December 10th

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United States Steel Co. (NYSE:X) declared a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.05 per share by the basic materials company on Tuesday, December 10th. The ex-dividend date is Tuesday, November 12th.

Shares of NYSE X opened at $13.57 on Friday. The firm has a market capitalization of $2.23 billion, a PE ratio of 2.53, a price-to-earnings-growth ratio of 29.77 and a beta of 3.04. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. United States Steel has a 1 year low of $9.93 and a 1 year high of $28.28. The firm’s 50-day moving average is $11.50 and its 200-day moving average is $13.18.

United States Steel (NYSE:X) last issued its earnings results on Thursday, October 31st. The basic materials company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. United States Steel had a net margin of 4.56% and a return on equity of 10.57%. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 EPS. As a group, equities research analysts anticipate that United States Steel will post 0.06 earnings per share for the current fiscal year.

A number of research analysts have weighed in on X shares. Credit Suisse Group cut their price target on shares of United States Steel from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, September 19th. JPMorgan Chase & Co. lowered shares of United States Steel from an “overweight” rating to a “neutral” rating and cut their price target for the company from $26.00 to $14.00 in a research note on Monday, September 23rd. ValuEngine raised shares of United States Steel from a “buy” rating to a “strong-buy” rating in a research note on Friday. Berenberg Bank lowered shares of United States Steel from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Macquarie lowered shares of United States Steel from an “outperform” rating to an “underperform” rating and cut their price target for the company from $18.00 to $9.00 in a research note on Thursday, September 19th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. United States Steel presently has a consensus rating of “Hold” and an average target price of $16.55.

United States Steel Company Profile

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.

Further Reading: Quantitative Easing

Dividend History for United States Steel (NYSE:X)

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