United States Steel Co. (NYSE:X - Free Report) - Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for United States Steel in a report released on Thursday, October 17th. Zacks Research analyst A. Barman now anticipates that the basic materials company will earn $0.18 per share for the quarter, down from their previous forecast of $0.25. 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 Q1 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.70 EPS and FY2025 earnings at $2.43 EPS.
Other equities analysts have also issued research reports about the company. BMO Capital Markets upgraded United States Steel from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $43.00 to $45.00 in a research note on Wednesday, June 26th. 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 research note on Monday, September 9th. BNP Paribas raised United States Steel from a "neutral" rating to an "outperform" rating and set a $40.00 target price for the company in a research report on Friday, September 6th. Morgan Stanley boosted their target price on United States Steel from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. Finally, Jefferies Financial Group decreased their price objective on United States Steel from $47.00 to $41.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.62.
View Our Latest Stock Analysis on United States Steel
Shares of NYSE X opened at $37.82 on Friday. The business's 50 day moving average is $36.79 and its 200-day moving average is $37.90. United States Steel has a 1-year low of $26.92 and a 1-year high of $50.20. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market cap of $8.51 billion, a P/E ratio of 16.88 and a beta of 1.87.
United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $4.01 billion. During the same period last year, the firm posted $1.92 earnings per share. The business's revenue was down 17.8% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of X. Rothschild Investment LLC purchased a new stake in United States Steel in the 2nd quarter worth about $26,000. Riverview Trust Co acquired a new stake in shares of United States Steel during the first quarter worth $29,000. Blue Trust Inc. lifted its stake in shares of United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company's stock worth $41,000 after buying an additional 773 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of United States Steel during the second quarter worth $46,000. Finally, Headlands Technologies LLC acquired a new position in United States Steel during the first quarter valued at $58,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. United States Steel's dividend payout ratio (DPR) is 8.93%.
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.
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