After finishing at $41.88 in the prior trading day, United States Steel Corp. (NYSE: X) closed at $41.10, down -1.86%. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 2278317 shares were traded.
Ratios:
Our goal is to gain a better understanding of X by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on February 15, 2024, Downgraded its rating to Equal-Weight and sets its target price to $51 from $40 previously.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 18 ’23 when BURRITT DAVID B sold 252,458 shares for $50.01 per share. The transaction valued at 12,626,182 led to the insider holds 581,609 shares of the business.
Brown Daniel R sold 5,000 shares of X for $248,850 on Dec 18 ’23. The SVP Adv. Tech. Steelmaking now owns 86,968 shares after completing the transaction at $49.77 per share. On Nov 24 ’23, another insider, Brown Daniel R, who serves as the SVP Adv. Tech. Steelmaking of the company, sold 5,000 shares for $35.00 each. As a result, the insider received 175,000 and left with 91,968 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, X now has a Market Capitalization of 9.24B and an Enterprise Value of 10.63B. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.79, and their Forward P/E ratio for the next fiscal year is 12.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 0.59 whereas that against EBITDA is 5.22.
Stock Price History:
Over the past 52 weeks, X has reached a high of $50.20, while it has fallen to a 52-week low of $20.40. The 50-Day Moving Average of the stock is 44.92, while the 200-Day Moving Average is calculated to be 36.07.
Shares Statistics:
The stock has traded on average 4.96M shares per day over the past 3-months and 3.38M shares per day over the last 10 days, according to various share statistics. A total of 223.67M shares are outstanding, with a floating share count of 220.29M. Insiders hold about 1.55% of the company’s shares, while institutions hold 83.20% stake in the company. Shares short for X as of Mar 15, 2024 were 20.26M with a Short Ratio of 4.09, compared to 17.99M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.01% and a Short% of Float of 9.08%.
Dividends & Splits
In the trailing 12 months, X’s forward annual dividend rate was 0.20, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.48%, it implies a Forward Annual Dividend Yield of 0.48%. The stock’s 5-year Average Dividend Yield is 0.86.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.77 for the current quarter, with a high estimate of $0.98 and a low estimate of $0.6, while EPS last year was $0.77. The consensus estimate for the next quarter is $1.07, with high estimates of $1.68 and low estimates of $0.62.
Analysts are recommending an EPS of between $3.91 and $2.73 for the fiscal current year, implying an average EPS of $3.42. EPS for the following year is $3.51, with 8 analysts recommending between $5.91 and $2.14.
Revenue Estimates
4 analysts predict $4.16B in revenue for the current quarter. It ranges from a high estimate of $4.47B to a low estimate of $3.7B. As of the current estimate, United States Steel Corp.’s year-ago sales were $4.25B, an estimated decrease of -1.90% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $4.2B, a decrease of -16.20% less than the figure of -$1.90% in the same quarter last year. There is a high estimate of $4.57B for the next quarter, whereas the lowest estimate is $3.74B.
A total of 8 analysts have provided revenue estimates for X’s current fiscal year. The highest revenue estimate was $17.45B, while the lowest revenue estimate was $14.68B, resulting in an average revenue estimate of $16.52B. In the same quarter a year ago, actual revenue was $18.05B, down -8.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $16.69B in the next fiscal year. The high estimate is $17.66B and the low estimate is $15.68B. The average revenue growth estimate for next year is up 1.10% from the average revenue estimate for this year.
