Zacks Research Issues Negative Estimate for X Earnings

United States Steel Co. (NYSE:X) – Stock analysts at Zacks Research dropped their Q4 2024 earnings estimates for shares of United States Steel in a note issued to investors on Thursday, October 17th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.25. 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 Q1 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.70 EPS and FY2025 earnings at $2.43 EPS.

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

Other equities analysts have also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Glj Research raised 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. StockNews.com started coverage on United States Steel in a report on Monday, August 19th. They set a “hold” rating on the stock. Jefferies Financial Group reduced their price objective on United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, BNP Paribas upgraded 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, United States Steel has an average rating of “Moderate Buy” and a consensus price target of $40.62.

United States Steel Trading Up 0.1 %

X opened at $37.82 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. United States Steel has a 52 week low of $26.92 and a 52 week high of $50.20. The business’s 50 day moving average is $36.72 and its two-hundred day moving average is $37.85. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 11.09 and a beta of 1.87.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were paid a $0.05 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

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. Vanguard Personalized Indexing Management LLC grew its holdings in shares of United States Steel by 0.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock worth $1,016,000 after acquiring an additional 241 shares during the period. Founders Capital Management boosted its position in United States Steel by 9.4% during the third quarter. Founders Capital Management now owns 3,500 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 300 shares in the last quarter. Diversified Trust Co grew its holdings in United States Steel by 4.0% in the first quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 324 shares during the last quarter. Signaturefd LLC increased its position in shares of United States Steel by 8.3% in the second quarter. Signaturefd LLC now owns 4,673 shares of the basic materials company’s stock valued at $177,000 after buying an additional 360 shares in the last quarter. Finally, Creative Planning raised its stake in shares of United States Steel by 2.0% during the 3rd quarter. Creative Planning now owns 18,340 shares of the basic materials company’s stock worth $648,000 after buying an additional 360 shares during the last quarter. 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.