United States Steel Co. (NYSE:X - Free Report) - Stock analysts at Zacks Research decreased their Q1 2024 EPS estimates for shares of United States Steel in a note issued to investors on Monday, April 15th. Zacks Research analyst A. Barman now expects that the basic materials company will earn $0.77 per share for the quarter, down from their prior forecast of $0.88. 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 Q4 2024 earnings at $0.57 EPS and Q1 2025 earnings at $0.80 EPS.
United States Steel (NYSE:X - Get Free Report) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.46. The company had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. United States Steel's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS.
A number of other brokerages also recently weighed in on X. Wolfe Research raised shares of United States Steel from a "peer perform" rating to an "outperform" rating and set a $46.00 target price for the company in a research note on Tuesday, April 9th. 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. JPMorgan Chase & Co. started coverage on shares of United States Steel in a research note on Friday, January 12th. They issued a "neutral" rating and a $52.00 price target for the company. StockNews.com started coverage on shares of United States Steel in a research note on Saturday. They issued a "hold" rating for the company. Finally, Morgan Stanley cut shares of United States Steel from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $40.00 to $51.00 in a report on Thursday, February 15th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, United States Steel has a consensus rating of "Hold" and a consensus price target of $37.89.
Read Our Latest Research Report on X
United States Steel Price Performance
Shares of NYSE X traded down $0.53 during trading hours on Tuesday, hitting $40.29. 2,183,734 shares of the stock were exchanged, compared to its average volume of 4,750,345. United States Steel has a 1-year low of $20.40 and a 1-year high of $50.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. The company has a market cap of $9.06 billion, a PE ratio of 11.64 and a beta of 2.01. The company's fifty day simple moving average is $43.80 and its two-hundred day simple moving average is $41.11.
Institutional Trading of United States Steel
Hedge funds and other institutional investors have recently bought and sold shares of the company. Third Point LLC increased its holdings in shares of United States Steel by 15.8% in the 4th quarter. Third Point LLC now owns 5,500,000 shares of the basic materials company's stock worth $267,575,000 after buying an additional 750,000 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of United States Steel by 11.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,513,531 shares of the basic materials company's stock valued at $219,583,000 after purchasing an additional 447,186 shares in the last quarter. KGH Ltd boosted its stake in shares of United States Steel by 7.5% in the 3rd quarter. KGH Ltd now owns 4,488,769 shares of the basic materials company's stock valued at $145,795,000 after purchasing an additional 315,000 shares in the last quarter. Norges Bank purchased a new stake in United States Steel during the 4th quarter valued at $200,952,000. Finally, First Trust Advisors LP boosted its position in United States Steel by 155.8% during the 1st quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company's stock valued at $124,913,000 after buying an additional 2,015,980 shares during the period. Institutional investors own 81.92% of the company's stock.
United States Steel Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, February 9th. United States Steel's dividend payout ratio (DPR) is presently 5.70%.
About United States Steel
(
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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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