United States Steel Co. (NYSE:X) Expected to Post FY2024 Earnings of $2.64 Per Share

United States Steel Co. (NYSE:X - Free Report) - Investment analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of United States Steel in a report released 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 previous estimate 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.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley cut United States Steel from an "overweight" rating to an "equal weight" rating and raised their target price for the company 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 target price on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. assumed coverage on United States Steel in a report on Friday, January 12th. They issued a "neutral" rating and a $52.00 price objective on the stock. BMO Capital Markets lowered their price objective on United States Steel from $55.00 to $45.00 and set a "market perform" rating on the stock in a report on Tuesday, March 19th. Finally, StockNews.com assumed coverage on United States Steel in a report on Saturday. They issued a "hold" rating on the stock. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, United States Steel presently has an average rating of "Hold" and an average price target of $37.89.

United States Steel Price Performance

Shares of NYSE:X traded down $1.18 during trading on Wednesday, reaching $39.12. 5,838,805 shares of the company's stock traded hands, compared to its average volume of 4,765,202. United States Steel has a fifty-two week low of $20.40 and a fifty-two week high of $50.20. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The firm has a market cap of $8.79 billion, a PE ratio of 11.15 and a beta of 2.00. The company has a 50-day simple moving average of $43.56 and a 200-day simple moving average of $41.15.

United States Steel (NYSE:X - Get Free Report) last posted its earnings results 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. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm had revenue of $4.14 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the firm earned $0.87 EPS. The company's quarterly revenue was down 4.5% on a year-over-year basis.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 9th. United States Steel's dividend payout ratio (DPR) is 5.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of X. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of United States Steel during the 4th quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of United States Steel during the 4th quarter valued at approximately $28,000. Riverview Trust Co purchased a new stake in shares of United States Steel during the 1st quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC raised its position in shares of United States Steel by 103.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 618 shares of the basic materials company's stock valued at $30,000 after buying an additional 314 shares during the period. Finally, Wolff Wiese Magana LLC raised its position in shares of United States Steel by 181.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company's stock valued at $32,000 after buying an additional 635 shares during the period. 81.92% of the stock is owned by hedge funds and other institutional investors.

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.