Nucor Corporation (NYSE:NUE) – KeyCorp issued their Q4 2017 EPS estimates for Nucor Corporation in a report issued on Monday. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings per share of $0.70 for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Nucor Corporation’s FY2018 earnings at $3.75 EPS.

Nucor Corporation (NYSE:NUE) last issued its earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. Nucor Corporation had a net margin of 5.80% and a return on equity of 12.77%. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. WARNING: “Research Analysts Set Expectations for Nucor Corporation’s Q4 2017 Earnings (NUE)” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/26/research-analysts-set-expectations-for-nucor-corporations-q4-2017-earnings-nue.html.

NUE has been the topic of several other reports. Macquarie began coverage on Nucor Corporation in a report on Wednesday, September 6th. They set a “neutral” rating and a $57.00 price objective on the stock. ValuEngine downgraded Nucor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group LLC set a $68.00 target price on Nucor Corporation and gave the company a “buy” rating in a research report on Monday, August 21st. Credit Suisse Group boosted their target price on Nucor Corporation from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Citigroup Inc set a $66.00 target price on Nucor Corporation and gave the company a “buy” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Nucor Corporation currently has a consensus rating of “Hold” and a consensus price target of $67.32.

Shares of Nucor Corporation (NUE) traded up 0.68% on Thursday, hitting $59.39. 409,093 shares of the stock traded hands. The firm has a 50 day moving average price of $55.99 and a 200 day moving average price of $57.46. Nucor Corporation has a 52-week low of $46.61 and a 52-week high of $68.00. The firm has a market cap of $18.97 billion, a PE ratio of 16.67 and a beta of 1.54.

Several hedge funds have recently modified their holdings of NUE. Teachers Advisors LLC lifted its holdings in shares of Nucor Corporation by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 818,982 shares of the basic materials company’s stock worth $48,910,000 after buying an additional 41,957 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Nucor Corporation by 91.7% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,164 shares of the basic materials company’s stock worth $965,000 after buying an additional 7,730 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Nucor Corporation by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 25,254,158 shares of the basic materials company’s stock worth $1,508,179,000 after buying an additional 3,729,281 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Nucor Corporation by 12.0% in the 1st quarter. Valley National Advisers Inc. now owns 2,340 shares of the basic materials company’s stock worth $140,000 after buying an additional 250 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Nucor Corporation by 35.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,602 shares of the basic materials company’s stock worth $1,469,000 after buying an additional 6,439 shares during the period. Institutional investors and hedge funds own 74.76% of the company’s stock.

In other Nucor Corporation news, Director Victoria F. Haynes sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total value of $137,900.00. Following the completion of the sale, the director now directly owns 33,573 shares in the company, valued at approximately $1,851,886.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John J. Ferriola sold 15,131 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $60.40, for a total value of $913,912.40. Following the completion of the sale, the chairman now owns 349,506 shares of the company’s stock, valued at $21,110,162.40. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, September 29th will be given a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 2.56%. The ex-dividend date is Thursday, September 28th. Nucor Corporation’s dividend payout ratio (DPR) is presently 43.90%.

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).

Earnings History and Estimates for Nucor Corporation (NYSE:NUE)

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