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

United States Steel Co. (NYSE:X) – Investment analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for United States Steel in a research report issued to clients and investors on Monday, April 15th. Zacks Research analyst A. Barman now anticipates that the basic materials company will earn $2.64 per share for the year, down from their prior 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 a number of other research reports. Morgan Stanley downgraded United States Steel from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $40.00 to $51.00 in a research report on Thursday, February 15th. Wolfe Research upgraded 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 report on Tuesday, April 9th. BMO Capital Markets decreased 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 report on Tuesday, March 19th. JPMorgan Chase & Co. started coverage on United States Steel in a research report on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, StockNews.com started coverage on United States Steel in a research report on Saturday, April 13th. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.89.

United States Steel Stock Performance

Shares of X stock opened at $38.94 on Wednesday. The company has a market capitalization of $8.75 billion, a P/E ratio of 11.09 and a beta of 2.00. The business’s 50 day moving average is $43.41 and its two-hundred day moving average is $41.13. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. United States Steel has a 12-month low of $20.40 and a 12-month high of $50.20.

United States Steel (NYSE:X) last issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.46. The company had revenue of $4.14 billion for 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%. United States Steel’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share.

Institutional Investors Weigh In On United States Steel

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in shares of United States Steel by 308.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 331,492 shares of the basic materials company’s stock valued at $16,127,000 after purchasing an additional 250,311 shares during the last quarter. FNY Investment Advisers LLC increased its stake in United States Steel by 16,065.0% during the fourth quarter. FNY Investment Advisers LLC now owns 32,330 shares of the basic materials company’s stock worth $1,572,000 after acquiring an additional 32,130 shares during the last quarter. International Assets Investment Management LLC increased its stake in United States Steel by 4,057.9% during the fourth quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company’s stock worth $36,368,000 after acquiring an additional 729,574 shares during the last quarter. SG Americas Securities LLC increased its stake in United States Steel by 1,132.8% during the fourth quarter. SG Americas Securities LLC now owns 115,715 shares of the basic materials company’s stock worth $5,630,000 after acquiring an additional 106,329 shares during the last quarter. Finally, Forest Avenue Capital Management LP acquired a new stake in United States Steel during the third quarter worth $7,435,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

United States Steel Announces Dividend

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

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.