Zacks Research Has Negative Outlook for X Q4 Earnings

United States Steel Co. (NYSE:X) – Equities research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of United States Steel in a research note issued on Tuesday, October 22nd. Zacks Research analyst A. Barman now expects that the basic materials company will post earnings of $0.17 per share for the quarter, down from their prior 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.

Several other analysts have also recently weighed in on X. JPMorgan Chase & Co. raised 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 report on Monday, September 9th. Jefferies Financial Group decreased their price objective 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. Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective on the stock in a report on Monday, September 9th. Morgan Stanley raised their price objective on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, StockNews.com began coverage on United States Steel in a report on Monday, August 19th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.62.

United States Steel Stock Performance

NYSE:X opened at $38.82 on Thursday. The business’s 50-day moving average price is $36.45 and its two-hundred day moving average price is $37.80. United States Steel has a twelve month low of $26.92 and a twelve month high of $50.20. The stock has a market cap of $8.73 billion, a P/E ratio of 17.33 and a beta of 1.87. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same quarter last year, the firm posted $1.92 EPS. The company’s revenue was down 17.8% compared to the same quarter last year.

Hedge Funds Weigh In On United States Steel

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in shares of United States Steel in the 1st quarter worth approximately $29,000. Atlas Capital Advisors LLC grew its position in shares of United States Steel by 178.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 8,516 shares of the basic materials company’s stock worth $347,000 after buying an additional 5,461 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of United States Steel in the 1st quarter worth approximately $2,055,000. Diversified Trust Co grew its position in shares of United States Steel by 4.0% in the 1st quarter. Diversified Trust Co now owns 8,373 shares of the basic materials company’s stock worth $341,000 after buying an additional 324 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in shares of United States Steel by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 54,899 shares of the basic materials company’s stock worth $2,239,000 after buying an additional 1,400 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, August 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel’s payout ratio is 8.93%.

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.