Q4 EPS Forecast for United States Steel Lowered by Analyst

United States Steel Co. (NYSE:X) – Zacks Research reduced their Q4 2024 EPS estimates for United States Steel in a note issued to investors on Tuesday, December 10th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings of $0.10 per share for the quarter, down from their previous 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 released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was down 13.0% on a year-over-year basis.

A number of other equities research analysts have also weighed in on X. Morgan Stanley boosted their price objective 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 on the stock in a research note on Monday, September 9th. BMO Capital Markets lowered their target price on shares of 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. 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 report on Thursday, September 5th. Finally, JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United States Steel presently has an average rating of “Moderate Buy” and an average price target of $42.80.

United States Steel Price Performance

Shares of X opened at $34.05 on Thursday. The firm has a market capitalization of $7.67 billion, a PE ratio of 22.40 and a beta of 1.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. United States Steel has a 1-year low of $26.92 and a 1-year high of $50.20. The company’s fifty day moving average price is $38.34 and its 200-day moving average price is $37.97.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, November 8th. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

Institutional Trading of United States Steel

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

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.