Q4 EPS Forecast for United States Steel Lowered by Analyst

United States Steel Co. (NYSE:X) – Investment analysts at Zacks Research reduced their Q4 2024 earnings per share estimates for United States Steel in a report released on Tuesday, December 10th. Zacks Research analyst A. Barman now expects that the basic materials company will earn $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) last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $3.85 billion for 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 for the quarter was down 13.0% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share.

Other equities analysts have also recently issued reports about the company. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price for the company in a research report on Monday, September 9th. StockNews.com initiated coverage on United States Steel in a research note on Monday, August 19th. They set a “hold” rating for the company. Morgan Stanley boosted their target price on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Jefferies Financial Group lowered their target price on United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised United States Steel from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $40.00 to $42.00 in a research note on Monday, September 9th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.80.

United States Steel Stock Performance

NYSE:X opened at $34.05 on Thursday. 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 business has a fifty day simple moving average of $38.34 and a two-hundred day simple moving average of $37.97. United States Steel has a 1 year low of $26.92 and a 1 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in X. Rockefeller Capital Management L.P. lifted its stake in United States Steel by 646.0% in the third quarter. Rockefeller Capital Management L.P. now owns 506,694 shares of the basic materials company’s stock worth $17,902,000 after purchasing an additional 438,771 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in United States Steel by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,600,708 shares of the basic materials company’s stock worth $91,883,000 after purchasing an additional 28,293 shares during the last quarter. Water Island Capital LLC lifted its stake in United States Steel by 5.3% in the second quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock worth $34,250,000 after purchasing an additional 45,567 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in United States Steel in the third quarter worth about $608,000. Finally, KGH Ltd raised its stake in shares of United States Steel by 68.2% during the second quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after acquiring an additional 1,724,670 shares in the last quarter. Hedge funds and other institutional investors 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. Shareholders of record on Monday, November 11th were paid a $0.05 dividend. 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 payout ratio is presently 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.