Q4 EPS Estimate for United States Steel Cut by Analyst

United States Steel Co. (NYSE:X) – Analysts at Zacks Research lowered their Q4 2024 EPS estimates for shares of United States Steel in a research note issued on Tuesday, December 10th. Zacks Research analyst A. Barman now expects that the basic materials company will earn $0.10 per share for the quarter, down from their prior estimate of $0.16. The consensus estimate for United States Steel’s current full-year earnings is $2.19 per share.

United States Steel (NYSE:X) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group lowered their price target on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. BMO Capital Markets cut their price target on United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a research note on Monday, September 9th. StockNews.com assumed coverage on United States Steel in a report on Monday, August 19th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. upgraded United States Steel from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $40.00 to $42.00 in a report on Monday, September 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.80.

United States Steel Price Performance

Shares of X stock opened at $33.28 on Thursday. The firm’s 50 day moving average is $38.34 and its 200-day moving average is $37.97. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 21.77 and a beta of 1.83. United States Steel has a 1 year low of $26.92 and a 1 year high of $50.20. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is currently 13.16%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of X. Rothschild Investment LLC bought a new position in shares of United States Steel in the 2nd quarter valued at about $26,000. Palouse Capital Management Inc. bought a new position in shares of United States Steel in the third quarter valued at about $35,000. Gladius Capital Management LP acquired a new stake in shares of United States Steel during the 3rd quarter worth about $39,000. Blue Trust Inc. lifted its stake in shares of United States Steel by 339.0% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after buying an additional 773 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of United States Steel during the 2nd quarter worth about $46,000. 81.92% of the stock is owned by institutional investors and hedge funds.

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.