FY2024 EPS Estimate for United States Steel Cut by Analyst

United States Steel Co. (NYSE:X - Free Report) - Equities researchers at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of United States Steel in a note issued to investors on Tuesday, December 10th. Zacks Research analyst A. Barman now forecasts that the basic materials company will post earnings of $2.20 per share for the year, down from their previous 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 - Get Free Report) last issued its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The firm had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm's revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share.

Other research analysts also recently issued research reports about the company. BNP Paribas upgraded United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Friday, September 6th. Glj Research raised 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. StockNews.com initiated coverage on shares of United States Steel in a research note on Monday, August 19th. They set a "hold" rating for the company. BMO Capital Markets cut their target price on shares of 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. Finally, Jefferies Financial Group reduced their price target on United States Steel from $47.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.80.

United States Steel Stock Down 2.2 %

Shares of X traded down $0.74 during mid-day trading on Friday, reaching $33.28. The company's stock had a trading volume of 7,051,641 shares, compared to its average volume of 4,584,160. The company's 50 day moving average is $38.34 and its 200 day moving average is $37.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The stock has a market cap of $7.49 billion, a PE ratio of 21.77 and a beta of 1.83. United States Steel has a 12-month low of $26.92 and a 12-month high of $50.20.

Institutional Investors Weigh In On United States Steel

A number of large investors have recently modified their holdings of X. CWM LLC boosted its stake in shares of United States Steel by 54.5% during the 2nd quarter. CWM LLC now owns 3,856 shares of the basic materials company's stock valued at $146,000 after buying an additional 1,360 shares during the last quarter. Diversified Trust Co raised its holdings in shares of United States Steel by 4.1% during the second quarter. Diversified Trust Co now owns 8,715 shares of the basic materials company's stock worth $329,000 after purchasing an additional 342 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in United States Steel by 9.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,351 shares of the basic materials company's stock worth $353,000 after acquiring an additional 826 shares during the last quarter. Blue Trust Inc. boosted its position in United States Steel by 339.0% during the 2nd 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, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of United States Steel during the second quarter worth about $147,000. Institutional investors and hedge funds own 81.92% of the company's stock.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, November 11th were given 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 yield of 0.60%. United States Steel's dividend payout ratio (DPR) is 13.16%.

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.