Q4 EPS Forecast for United States Steel Decreased by Analyst

United States Steel Co. (NYSE:X - Free Report) - Equities research analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of United States Steel in a report issued on Tuesday, October 22nd. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.18. 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 Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.42 EPS.

A number of other research analysts have also commented on the company. BNP Paribas upgraded United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Friday, September 6th. Jefferies Financial Group cut their price target on United States Steel from $47.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Morgan Stanley increased their target price on shares of United States Steel from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. JPMorgan Chase & Co. upgraded United States Steel from a "neutral" rating to an "overweight" rating and raised their price target for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Finally, Glj Research upgraded 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 research note on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, United States Steel presently has a consensus rating of "Moderate Buy" and an average price target of $40.62.

United States Steel Stock Performance

X traded down $0.01 on Thursday, hitting $39.50. 2,549,300 shares of the stock traded hands, compared to its average volume of 4,375,165. The business has a fifty day moving average price of $36.56 and a two-hundred day moving average price of $37.80. The company has a current ratio of 1.72, a quick ratio of 1.14 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 firm has a market capitalization of $8.89 billion, a PE ratio of 17.58 and a beta of 1.87.

United States Steel (NYSE:X - Get Free Report) last issued its quarterly 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. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the previous year, the company earned $1.92 earnings per share. The company's quarterly revenue was down 17.8% compared to the same quarter last year.

Institutional Investors Weigh In On United States Steel

Several large investors have recently modified their holdings of X. Water Island Capital LLC lifted its holdings in United States Steel by 5.3% during the second quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company's stock valued at $34,250,000 after purchasing an additional 45,567 shares during the last quarter. KGH Ltd boosted its holdings in 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 worth $160,839,000 after buying an additional 1,724,670 shares during the period. Janus Henderson Group PLC boosted its holdings in United States Steel by 94.3% in the 1st quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company's stock worth $8,601,000 after buying an additional 102,450 shares during the period. Cannon Global Investment Management LLC purchased a new position in United States Steel in the 1st quarter valued at approximately $2,055,000. Finally, Gamco Investors INC. ET AL raised its holdings in United States Steel by 146.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the basic materials company's stock valued at $1,060,000 after acquiring an additional 15,450 shares during the period. Hedge funds and other institutional investors own 81.92% of the company's stock.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors 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 yield of 0.51%. United States Steel's dividend payout ratio (DPR) 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.