What is Zacks Research’s Estimate for X FY2024 Earnings?

United States Steel Co. (NYSE:X) – Research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of United States Steel in a research note issued on Tuesday, December 10th. Zacks Research analyst A. Barman now forecasts that the basic materials company will earn $2.20 per share for the year, down from their prior forecast of $2.26. 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 Q3 2025 earnings at $0.62 EPS and FY2025 earnings at $2.33 EPS.

United States Steel (NYSE:X) last issued 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. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates 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 was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share.

A number of other brokerages have also weighed in on X. JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. Jefferies Financial Group reduced 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. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a report on Monday, September 9th. BNP Paribas upgraded shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Friday, September 6th. Finally, BMO Capital Markets decreased their price objective 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.80.

United States Steel Trading Down 2.2 %

Shares of X opened at $33.26 on Friday. United States Steel has a 1-year low of $26.92 and a 1-year high of $50.20. The firm’s 50-day moving average price is $38.29 and its 200-day moving average price is $37.95. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 21.88 and a beta of 1.83.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th were issued a dividend of $0.05 per share. 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 is presently 13.16%.

Institutional Trading of United States Steel

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its stake in United States Steel by 0.9% during the second 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 in the last quarter. Rakuten Securities Inc. raised its holdings in shares of United States Steel by 9.2% in the third quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 279 shares during the last quarter. Founders Capital Management raised 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 acquiring an additional 300 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of United States Steel by 0.7% during the 3rd quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company’s stock worth $1,570,000 after buying an additional 301 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of United States Steel by 1.7% in the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company’s stock valued at $658,000 after acquiring an additional 306 shares in the last quarter. Institutional investors and hedge funds own 81.92% of the company’s stock.

About United States Steel

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.