Zacks Research Has Pessimistic Outlook of X FY2024 Earnings

United States Steel Co. (NYSE:X) – Zacks Research dropped their FY2024 EPS estimates for United States Steel in a report released 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 $2.19 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) 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 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 business 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 posted $1.36 EPS. United States Steel’s revenue for the quarter was down 13.0% compared to the same quarter last year.

Several other research firms have also recently issued reports on X. Jefferies Financial Group reduced their price objective on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. 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 note on Friday, September 6th. Morgan Stanley increased 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 upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a research report on Monday, September 9th. Finally, BMO Capital Markets dropped their price target on 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. 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 currently has an average rating of “Moderate Buy” and an average price target of $42.80.

United States Steel Stock Down 2.5 %

Shares of X opened at $34.05 on Friday. The business’s 50 day moving average is $38.34 and its 200 day 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 12-month low of $26.92 and a 12-month high of $50.20. The company has a market capitalization of $7.67 billion, a PE ratio of 22.40 and a beta of 1.83.

United States Steel Dividend Announcement

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

Institutional Trading of United States Steel

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in United States Steel in the second quarter worth about $26,000. Palouse Capital Management Inc. bought a new stake in shares of United States Steel during the 3rd quarter worth approximately $35,000. Gladius Capital Management LP purchased a new position in United States Steel during the 3rd quarter valued at $39,000. Blue Trust Inc. grew its position 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 acquiring an additional 773 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in United States Steel in the second quarter worth $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.