FY2024 EPS Estimates for United States Steel Co. (NYSE:X) Decreased by Analyst

United States Steel Co. (NYSE:X) – Analysts at Zacks Research dropped their FY2024 earnings per share estimates for United States Steel in a research note issued to investors on Monday, April 15th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings of $2.64 per share for the year, down from their previous estimate of $2.79. The consensus estimate for United States Steel’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for United States Steel’s Q2 2025 earnings at $0.93 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.85 EPS and FY2025 earnings at $3.36 EPS.

X has been the topic of several other reports. Wolfe Research raised United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Tuesday, April 9th. Morgan Stanley cut United States Steel from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $40.00 to $51.00 in a research note on Thursday, February 15th. StockNews.com initiated coverage on United States Steel in a research note on Saturday, April 13th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. initiated coverage on United States Steel in a research note on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, BMO Capital Markets cut their target price on United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.89.

United States Steel Price Performance

Shares of X stock opened at $38.94 on Wednesday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 11.09 and a beta of 2.00. The business’s fifty day moving average is $43.41 and its 200 day moving average is $41.13. United States Steel has a twelve month low of $20.40 and a twelve month high of $50.20. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

United States Steel (NYSE:X) last announced its earnings results on Friday, February 2nd. The basic materials company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.46. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, February 9th. United States Steel’s dividend payout ratio is 5.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of X. Third Point LLC raised its stake in shares of United States Steel by 15.8% in the fourth quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company’s stock worth $267,575,000 after buying an additional 750,000 shares during the period. Donald Smith & CO. Inc. raised its stake in shares of United States Steel by 11.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,513,531 shares of the basic materials company’s stock worth $219,583,000 after buying an additional 447,186 shares during the period. KGH Ltd raised its stake in shares of United States Steel by 7.5% in the third quarter. KGH Ltd now owns 4,488,769 shares of the basic materials company’s stock worth $145,795,000 after buying an additional 315,000 shares during the period. Norges Bank bought a new position in shares of United States Steel in the fourth quarter worth about $200,952,000. Finally, First Trust Advisors LP raised its stake in shares of United States Steel by 155.8% in the first quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company’s stock worth $124,913,000 after buying an additional 2,015,980 shares during the period. 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.