Q4 EPS Forecast for United States Steel Cut by Analyst

United States Steel Co. (NYSE:X - Free Report) - Analysts at Zacks Research reduced their Q4 2024 earnings estimates for United States Steel in a research note issued to investors on Tuesday, December 10th. Zacks Research analyst A. Barman now forecasts 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 - Get Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. United States Steel's revenue was down 13.0% on a year-over-year basis.

X has been the subject of several other reports. StockNews.com initiated coverage on shares of United States Steel in a research report on Monday, August 19th. They issued a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of United States Steel from a "neutral" rating to an "overweight" rating and lifted their price objective 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. Morgan Stanley raised their target price on United States Steel from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Finally, Jefferies Financial Group lowered their price target on 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.80.

United States Steel Stock Down 2.5 %

Shares of NYSE:X traded down $0.88 during trading on Thursday, reaching $34.05. The stock had a trading volume of 6,529,708 shares, compared to its average volume of 4,573,887. The firm's 50-day simple moving average is $38.34 and its 200 day simple moving average is $37.97. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. United States Steel has a one year low of $26.92 and a one year high of $50.20. The company has a market capitalization of $7.67 billion, a P/E ratio of 22.40 and a beta of 1.83.

United States Steel Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC purchased a new position in shares of United States Steel during the 2nd quarter worth $26,000. Palouse Capital Management Inc. acquired a new stake in United States Steel during the third quarter worth about $35,000. Gladius Capital Management LP purchased a new position in United States Steel during the third quarter worth about $39,000. Blue Trust Inc. boosted its holdings in United States Steel by 339.0% in 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 last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of United States Steel in the 2nd quarter valued at approximately $46,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

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.