Nucor (NUE) Scheduled to Post Quarterly Earnings on Thursday
Nucor (NYSE:NUE) will announce its Q214 earnings results on Thursday, July 24th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $5.21 billion for the quarter.
Shares of Nucor (NYSE:NUE) opened at 50.69 on Wednesday. Nucor has a 52-week low of $45.32 and a 52-week high of $54.73. The stock’s 50-day moving average is $50.26 and its 200-day moving average is $50.64. The company has a market cap of $16.143 billion and a P/E ratio of 31.43.
A number of research firms have recently commented on NUE. Analysts at Jefferies Group reiterated a “buy” rating on shares of Nucor in a research note on Monday, June 23rd. They now have a $58.00 price target on the stock, down previously from $59.00. On the ratings front, analysts at Macquarie downgraded shares of Nucor from an “outperform” rating to a “neutral” rating in a research note on Monday, June 23rd. They now have a $52.00 price target on the stock, down previously from $57.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Nucor in a research note on Thursday, May 1st. They now have a $54.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Nucor presently has a consensus rating of “Hold” and a consensus price target of $54.64.
Nucor Corporation and its affiliates (NYSE:NUE) manufactures steel and steel products.
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