Q4 EPS Forecast for United States Steel Cut by Analyst

United States Steel Co. (NYSE:X) – Equities research analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for United States Steel in a note issued to investors on Tuesday, October 22nd. Zacks Research analyst A. Barman now expects that the basic materials company will post earnings per share of $0.17 for the quarter, down from their previous estimate of $0.18. The consensus estimate for United States Steel’s current full-year earnings is $2.17 per share. Zacks Research also issued estimates for United States Steel’s Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.42 EPS.

United States Steel (NYSE:X) last issued its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. United States Steel’s revenue was down 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 earnings per share.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley raised their price target on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Friday, September 6th. Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a report on Monday, September 9th. JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $42.00 in a report on Monday, September 9th. Finally, StockNews.com assumed coverage on United States Steel in a report on Monday, August 19th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.62.

United States Steel Price Performance

Shares of NYSE:X opened at $39.50 on Thursday. United States Steel has a one year low of $26.92 and a one year high of $50.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 17.63 and a beta of 1.87. The company’s fifty day moving average price is $36.51 and its 200-day moving average price is $37.82.

Hedge Funds Weigh In On United States Steel

A number of institutional investors and hedge funds have recently made changes to their positions in X. Riverview Trust Co bought a new position in shares of United States Steel during the first quarter valued at $29,000. Atlas Capital Advisors LLC raised its holdings in United States Steel by 178.8% in the first quarter. Atlas Capital Advisors LLC now owns 8,516 shares of the basic materials company’s stock worth $347,000 after buying an additional 5,461 shares during the last quarter. Cannon Global Investment Management LLC purchased a new stake in shares of United States Steel during the first quarter valued at approximately $2,055,000. Diversified Trust Co increased its position in shares of United States Steel by 4.0% during the first quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 324 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in United States Steel by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 54,899 shares of the basic materials company’s stock worth $2,239,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, August 12th. United States Steel’s dividend payout ratio is presently 8.93%.

United States Steel Company Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.