The price of United States Steel Corp. (NYSE: X) closed at $42.23 in the last session, down -0.89% from day before closing price of $42.61. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 3075382 shares were traded.
Ratios:
We take a closer look at X’s different ratios to gain a better understanding of the stock. 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.
On February 15, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $40 to $51.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 9.49B and an Enterprise Value of 10.88B. As of this moment, United’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.12, and their Forward P/E ratio for the next fiscal year is 13.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 0.60 whereas that against EBITDA is 5.35.
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 44.12, while the 200-Day Moving Average is calculated to be 36.61.
Shares Statistics:
According to the various share statistics, X traded on average about 4.80M shares per day over the past 3-months and 3.18M shares per day over the past 10 days. 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 83.19% stake in the company. Shares short for X as of Mar 28, 2024 were 19.69M with a Short Ratio of 4.11, compared to 18.96M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.76% and a Short% of Float of 8.83%.
Dividends & Splits
The forward annual dividend rate for X is 0.20, which was 0.20 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.47%, it implies a Forward Annual Dividend Yield of 0.47%. The stock’s 5-year Average Dividend Yield is 0.86.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.82 for the current quarter, with a high estimate of $0.83 and a low estimate of $0.82, while EPS last year was $0.77. The consensus estimate for the next quarter is $0.81, with high estimates of $1.12 and low estimates of $0.56.
Analysts are recommending an EPS of between $3.75 and $2.73 for the fiscal current year, implying an average EPS of $3.26. EPS for the following year is $3.72, with 6 analysts recommending between $5.91 and $2.14.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $4.16B. 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 -2.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $4.11B, a decrease of -17.90% less than the figure of -$2.00% in the same quarter last year. There is a high estimate of $4.31B 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 $17.12B, while the lowest revenue estimate was $14.68B, resulting in an average revenue estimate of $16.49B. In the same quarter a year ago, actual revenue was $18.05B, down -8.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $16.77B in the next fiscal year. The high estimate is $17.79B and the low estimate is $15.68B. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
