Q4 EPS Estimate for United States Steel Cut by Analyst

United States Steel Co. (NYSE:X) – Equities research analysts at Zacks Research reduced their Q4 2024 EPS estimates for United States Steel in a research note issued to investors on Thursday, October 17th. Zacks Research analyst A. Barman now forecasts that the basic materials company will post earnings of $0.18 per share for the quarter, down from their prior estimate 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 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. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business posted $1.92 EPS. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. upgraded 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 research note on Monday, September 9th. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report 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 research report on Monday, September 9th. Jefferies Financial Group cut their price objective 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. Finally, BMO Capital Markets raised shares of United States Steel from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.62.

United States Steel Trading Down 0.4 %

Shares of NYSE:X opened at $37.82 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $36.79 and its two-hundred day moving average is $37.90. The company has a market cap of $8.51 billion, a PE ratio of 16.88 and a beta of 1.87. United States Steel has a 52 week low of $26.92 and a 52 week high of $50.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. KGH Ltd grew its position in shares of United States Steel by 68.2% in the 2nd quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after purchasing an additional 1,724,670 shares during the period. Massachusetts Financial Services Co. MA raised its stake in United States Steel by 4,305.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,634,364 shares of the basic materials company’s stock valued at $137,379,000 after acquiring an additional 3,551,870 shares during the period. Alpine Associates Management Inc. grew its holdings in United States Steel by 13.5% in the 2nd quarter. Alpine Associates Management Inc. now owns 2,667,932 shares of the basic materials company’s stock valued at $100,848,000 after buying an additional 316,800 shares in the last quarter. Murchinson Ltd. grew its holdings in United States Steel by 66.5% in the 1st quarter. Murchinson Ltd. now owns 2,100,000 shares of the basic materials company’s stock valued at $85,638,000 after buying an additional 838,653 shares in the last quarter. Finally, Water Island Capital LLC grew its holdings in shares of United States Steel by 5.3% during the 2nd quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock worth $34,250,000 after purchasing an additional 45,567 shares in the last quarter. 81.92% of the stock is owned by institutional investors.

United States Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were issued a dividend of $0.05 per share. 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 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.