Zacks Research Research Analysts Cut Earnings Estimates for United States Steel Co. (NYSE:X)

United States Steel Co. (NYSE:X) – Zacks Research lowered their FY2024 earnings estimates for United States Steel in a research note issued on Monday, April 15th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings per share of $2.64 for the year, down from their prior forecast of $2.79. The consensus estimate for United States Steel’s current full-year earnings is $3.17 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.

United States Steel (NYSE:X) last announced its quarterly earnings data 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share.

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

United States Steel Price Performance

Shares of X stock traded down $1.17 during midday trading on Wednesday, reaching $39.13. 5,673,101 shares of the company traded hands, compared to its average volume of 4,762,969. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.22. United States Steel has a 1-year low of $20.40 and a 1-year high of $50.20. The firm has a market cap of $8.80 billion, a PE ratio of 11.48 and a beta of 2.00. The firm’s 50 day simple moving average is $43.70 and its two-hundred day simple moving average is $41.16.

Institutional Investors Weigh In On United States Steel

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC grew its stake in shares of United States Steel by 0.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 29,928 shares of the basic materials company’s stock valued at $1,456,000 after buying an additional 278 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of United States Steel by 4.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,552 shares of the basic materials company’s stock valued at $318,000 after buying an additional 290 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of United States Steel by 28.7% in the fourth quarter. Parallel Advisors LLC now owns 1,363 shares of the basic materials company’s stock valued at $66,000 after buying an additional 304 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of United States Steel by 0.9% in the third quarter. D.A. Davidson & CO. now owns 32,770 shares of the basic materials company’s stock valued at $1,064,000 after buying an additional 307 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of United States Steel by 18.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the basic materials company’s stock valued at $97,000 after buying an additional 313 shares in the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 annualized dividend and a 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.