Nucor Corporation (NYSE:NUE) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 20th. Analysts expect Nucor Corporation to post earnings of $1.07 per share for the quarter.
Nucor Corporation (NYSE:NUE) last announced its quarterly earnings data on Thursday, April 20th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.03. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.67 billion. Nucor Corporation had a net margin of 5.90% and a return on equity of 12.63%. The firm’s revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, analysts expect Nucor Corporation to post $4.23 EPS for the current fiscal year and $4.63 EPS for the next fiscal year.
Shares of Nucor Corporation (NUE) opened at 60.12 on Tuesday. The firm has a market capitalization of $19.18 billion, a PE ratio of 18.11 and a beta of 1.52. The stock has a 50 day moving average price of $57.67 and a 200 day moving average price of $60.07. Nucor Corporation has a 52 week low of $44.81 and a 52 week high of $68.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Friday, June 30th will be paid a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, June 28th. Nucor Corporation’s dividend payout ratio is presently 47.48%.
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In other Nucor Corporation news, Director Victoria F. Haynes sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $61.52, for a total value of $184,560.00. Following the transaction, the director now owns 33,703 shares in the company, valued at approximately $2,073,408.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman John J. Ferriola sold 12,232 shares of the company’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $61.60, for a total transaction of $753,491.20. Following the completion of the transaction, the chairman now owns 349,855 shares in the company, valued at approximately $21,551,068. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
Several research firms recently commented on NUE. BMO Capital Markets reissued a “hold” rating and set a $68.00 target price on shares of Nucor Corporation in a research note on Monday, April 3rd. Jefferies Group LLC reissued a “buy” rating and set a $75.00 target price (down from $77.00) on shares of Nucor Corporation in a research note on Wednesday, April 19th. Zacks Investment Research lowered shares of Nucor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Longbow Research began coverage on shares of Nucor Corporation in a research note on Tuesday, May 9th. They set a “neutral” rating for the company. Finally, Credit Suisse Group raised shares of Nucor Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the company from $56.00 to $68.00 in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Nucor Corporation has an average rating of “Buy” and a consensus target price of $68.72.
About Nucor Corporation
Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).
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