Zacks Research Has Pessimistic Outlook of X FY2024 Earnings

United States Steel Co. (NYSE:X) – Zacks Research lowered their FY2024 earnings per share estimates for 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 post earnings per share of $2.20 for the year, down from their prior estimate of $2.26. The consensus estimate for United States Steel’s current full-year earnings is $2.19 per share. Zacks Research also issued estimates for United States Steel’s Q3 2025 earnings at $0.62 EPS and FY2025 earnings at $2.33 EPS.

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

A number of other equities analysts also recently commented on X. BMO Capital Markets decreased their price target on United States Steel from $45.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group cut their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. 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 report on Friday, September 6th. JPMorgan Chase & Co. raised shares of 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. Finally, Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a report on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United States Steel presently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

United States Steel Stock Down 2.2 %

NYSE:X opened at $33.28 on Friday. The company 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 one year low of $26.92 and a one year high of $50.20. The stock has a 50-day simple moving average of $38.34 and a 200 day simple moving average of $37.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.08 and a current ratio of 1.67.

Institutional Investors Weigh In On United States Steel

Hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in shares of United States Steel during the second quarter valued at approximately $26,000. Palouse Capital Management Inc. bought a new stake in United States Steel during the third quarter worth approximately $35,000. Blue Trust Inc. raised its holdings in United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 773 shares in the last quarter. Gladius Capital Management LP bought a new stake in United States Steel during the third quarter worth approximately $39,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in United States Steel during the second quarter worth approximately $46,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Dividend Announcement

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

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.