Zacks Research Has Negative Outlook of X FY2024 Earnings

United States Steel Co. (NYSE:X) – Equities researchers at Zacks Research cut their FY2024 earnings per share estimates for shares of 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 estimate of $2.26. 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 Q3 2025 earnings at $0.62 EPS and FY2025 earnings at $2.33 EPS.

X has been the topic of a number of other reports. Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a report on Monday, September 9th. BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Friday, September 6th. Jefferies Financial Group cut their target price on 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. BMO Capital Markets cut their price objective on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com initiated coverage on United States Steel in a report on Monday, August 19th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.80.

United States Steel Stock Performance

NYSE X opened at $33.26 on Friday. United States Steel has a twelve month low of $26.92 and a twelve month high of $50.20. The stock has a 50-day moving average of $38.29 and a 200 day moving average of $37.95. The company has a current ratio of 1.67, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 21.88 and a beta of 1.83.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. United States Steel had a return on equity of 6.01% and a net margin of 2.41%. The business’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS.

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 given a dividend of $0.05 per share. The ex-dividend date was Friday, November 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. United States Steel’s dividend payout ratio (DPR) is presently 13.16%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of X. Donald Smith & CO. Inc. boosted its holdings in shares of United States Steel by 7.4% during the third quarter. Donald Smith & CO. Inc. now owns 4,719,845 shares of the basic materials company’s stock worth $166,752,000 after purchasing an additional 326,876 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of United States Steel by 26.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock worth $162,477,000 after buying an additional 964,467 shares during the period. KGH Ltd increased its holdings in United States Steel by 68.2% during the 2nd quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after purchasing an additional 1,724,670 shares in the last quarter. Geode Capital Management LLC grew its holdings in United States Steel by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,839,684 shares of the basic materials company’s stock worth $135,691,000 after acquiring an additional 37,528 shares during the last quarter. Finally, Alpine Associates Management Inc. increased its stake in shares of United States Steel by 13.5% in the 2nd quarter. Alpine Associates Management Inc. now owns 2,667,932 shares of the basic materials company’s stock valued at $100,848,000 after buying an additional 316,800 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.