United States Steel Co. (NYSE:X – Free Report) – Equities research analysts at Zacks Research raised their Q2 2024 EPS estimates for shares of United States Steel in a note issued to investors on Tuesday, July 23rd. Zacks Research analyst A. Barman now forecasts that the basic materials company will post earnings of $0.72 per share for the quarter, up from their previous estimate of $0.70. The consensus estimate for United States Steel’s current full-year earnings is $2.38 per share. Zacks Research also issued estimates for United States Steel’s Q3 2024 earnings at $0.47 EPS, Q4 2024 earnings at $0.35 EPS, FY2024 earnings at $2.33 EPS, Q1 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.74 EPS and FY2025 earnings at $2.78 EPS.
United States Steel (NYSE:X – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.22 billion. United States Steel had a net margin of 4.89% and a return on equity of 10.61%.
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United States Steel Trading Up 0.2 %
X opened at $40.72 on Thursday. United States Steel has a fifty-two week low of $22.26 and a fifty-two week high of $50.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 11.94 and a beta of 1.93. The company’s 50 day moving average price is $37.80 and its two-hundred day moving average price is $41.24.
United States Steel Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Monday, May 13th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 0.49%. United States Steel’s payout ratio is 5.87%.
Institutional Trading of United States Steel
Institutional investors have recently made changes to their positions in the company. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of United States Steel in the 4th quarter worth $25,000. Byrne Asset Management LLC grew its stake in shares of United States Steel by 1,140.0% in the 1st quarter. Byrne Asset Management LLC now owns 620 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 570 shares in the last quarter. GAMMA Investing LLC bought a new position in United States Steel during the fourth quarter valued at about $33,000. Riverview Trust Co bought a new position in United States Steel during the first quarter valued at about $29,000. Finally, Pineridge Advisors LLC bought a new position in United States Steel during the fourth quarter valued at about $44,000. Institutional investors own 81.92% of the company’s stock.
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.
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